Case - Explain Complete concept of Letter of Credit with RealExample !
Story - By Amlan ----Contribution's by Runold Fernandes .
I am wanting to buy coke bottles from Coa Cola USA.....so evidently , i am the buyer
Alway's remember that the receive of the payment (seller ) is termed the beneficiary .....so here Coca Cola USA is the benefeciary ....
Let's also understand what is a letter of credit ....it is credit ( payment offered ) against documents and so also called documentary credit .... amechanism wherein the seller of the goods is assured of his payment because the buyer's bank take's guarantee to make the payment ...the seller is not concerned whether the buyer goes bankrupt or not
So , in this case my bank is SBI , Cuffe parade ....this is called the issuing bank ....say , i want to buy 100 crates Coke bottles worth 10 million dollars .....i go and ask the bank to open a letter of credit (the process is called issuing letter of credit ) favoring the bebenficiary and the beneficiary bank as follows
Beneficiary - Coca Cola Ltd
Beneciary Bank - Citi Bank -Los Angeles
Coca Cola Lts had already intimated me that he bank he desires for his payment to be credited shall be Citi Bank (Los Angeles ).....
Case 1 -
In present arrangement , SBI Cuffe parade is the issuing bank , Citi Bank Los anageles is the Bneficiary bank
Once the LC is opened , SBI sends across the letter of credit to the advising bank which then advises Coca Cola that the LC has come and asks for the documents
Say , Coca Cola ships the Material on 16Th May ....he gets the bill of lading and collects all the other documents like the invoice , ciountry of origin , Test certificate , inspection certicate ads mentioned in the LC and makes a presentation of the documents to the advising bank ( not neccesary that documents are to be submitted to the advising bank )
The bank ( in this case ----Citi Bank checkls the documents ...if it finds any discrepancy , it lets know to the seller( Coca Cola ) of the discrepancy ...say test certificate was missing , it lets Coca cola know of the same ...Coca cola then furnishes the remaining document...once the advising bank is satisfied that all documents are in order , it sends the documents to the issuing bank (SBI , cuffe parade )
If SBI , cuffe parade also finds that the docs are in order , then since it has taken guarantee for payment , it will have to make payment for the issued LC i.e pay the advising bank 2000 $ against the docs collected
It then contacts me (buyer ) that all the docs are with it and asks me to make payment and collect the documents
( Sometimes while issuing the letter of credit , the bank blocks that much fund from my account and when the docs arrive debits my account and sends across the documents )
Using the Bill of lading document) document, i go to the Mumbai port to get my shipment released upon subsequent payment of Import duty for the coke trenches
That's it
The basics are clear ,
Hope You enjoyed ,
Cheers ,
Amlan

published:04 May 2014

views:48301

Leah unboxes and tests the 8" Harbor FreightBench Grinder/Buffer.
If our videos have been helpful to you, consider supporting us on Patreon: https://www.patreon.com/seejanedrill
Support See JaneDrill by shopping on Amazon through our link:
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Disclaimer:
Due to factors beyond the control of See Jane Drill, we cannot guarantee against improper use or unauthorized modifications of this information. See Jane Drill assumes no liability for property damage or injury incurred as a result of any of the information contained in these videos. Use this information at your own risk. See Jane Drill recommends safe practices when working with tools seen or implied in our video and written content. Due to factors beyond the control of See Jane Drill, no information contained on this youtube channel, Facebook page, website and Twitter page shall create any expressed or implied warranty or guarantee of any particular result. Any injury, damage, or loss that may result from improper use of these tools, equipment, or from the information contained in this content is the sole responsibility of the user and not See Jane Drill.
https://youtu.be/MnMifZoVVl8

published:23 Aug 2017

views:176078

Source: https://www.suretybonds.org/freight-broker-bonds
Description:
To become a freight broker you need a license, but before you get a license you need a freight broker bond. So what’s a freight broker bond and how do you obtain one?
Freight broker bonds are required by the Federal Motor Carrier Safety Administration to guarantee that freight brokers keep their contractual agreements with shippers and carriers. They are also known as a BMC-84 surety bond, trucking surety bond, and a transportation broker surety bond.
Freight broker bonds are meant to guarantee that shippers and motor carriers are compensated if the broker fails to comply with its contracts and agreements. For example, if a freight broker is delaying or refusing payment, the freight broker bond goes into effect and compensates the carrier.
Applying for a freight broker bond is simple, automated and can be done online. You can submit your online application with LanceSurety Bonds. Within minutes we will match you with the surety bond company which offers you the best quote.
To offer a rate, the surety bond company will require basic information regarding your company. It will also review the personal credit of the business owner. In certain cases, you can strengthen your application by submitting personal or business financial statements.
Credit score is reviewed by bonding companies as a way to assess a business owner’s ability to stay on top of their financial responsibilities. There is often a correlation between an owner’s credit and the likelihood of triggering a claim. If there is a claim against you, it is the surety bond company’s responsibility to financially compensate for all losses inflicted. Therefore, people with clean credit history are more likely to receive a bond.
But that doesn’t mean you can’t get bonded if you have bad credit history. You simply might have to pay a slightly higher price for a bond in order to compensate the surety for the additional risk.
The current full amount of a freight broker bond is $75,000. Of that, you only pay an annual premium, which is a small percentage of the $75K. Normally, applicants with clean credit history may pay between 2 and 5 percent. Freight brokers with damaged credit can see quotes between 5 and 13 percent.
Additional resources:
1. "The CompleteComplianceGuide for Freight Brokers" - Download our FREE e-book at https://goo.gl/boCVKv
2. If you want to calculate the cost of your freight broker bond, visit https://www.suretybonds.org/freight-broker-bond-cost
3. If you're thinking of starting a freight brokerage, here is Your Ultimate Infographic Guide: How to Become a Freight Broker - https://www.suretybonds.org/blog/how-to-become-a-freight-broker-ultimate-guide/
4. Wondering what makes a freight broker successful? Check out "How To Be A Successful Freight Broker" infographic at https://www.suretybonds.org/blog/how-to-be-a-successful-freight-broker-infographic/
5. If it's time to renew your freight broker bond, check out "The UltimateFreight Broker BondRenewal Guide" at https://www.suretybonds.org/blog/freight-broker-bond-renewal-guide/
6. For more information on bad credit surety bonds, visit http://www.suretybonds.org/bad-credit-surety-bonds
7. Want to learn more about how to lower your surety bond rate? Visit https://www.suretybonds.org/surety-bond-rates
8. If you need additional educational materials, here are the most recommended and authoritative freight broker training books: https://www.suretybonds.org/blog/4-top-freight-broker-training-books/
9. To get a FREE surety bond quote, apply online now: https://www.suretybonds.org/online-application

published:02 Jan 2015

views:4626

The workflow of a SightLetter of Credit involves the Importer (Applicant), Issuing Bank, Advising Bank and Exporter (Beneficiary) in diagrams and animation.
Under the method of payment of DocumentaryCredit also known as Letter of Credit – we have 2 types which is Sight and Usance. This video specifically looks at How a Sight Letter of Credit works in International Trade.
This video is a step by step workflow of what happens after the Exporter and Importer have entered into a sales contract & the Importer applies for a Letter of Credit with the Issuing Bank. This video also addresses the definition of a Letter of Credit.
Letter of Credit (LC) is an undertaking of payment given by the Importer’s Bank to the Exporter for a specified sum provided the Exporter ships out the goods and present the required compliant documents by a predetermined deadline. Hence LC is a tool used to reduce the risk of non-payment and is a fundamental component of international trade. LC is governed by a set of guidelines called the UniformCustoms and Practice for Documentary Credits (UCP 600), which is issued by the International Chamber of Commerce.
What is important to note about Letter of Credit is strict compliance with documentary requirements. In the video, you will note that the Exporter needs to check the LC with the sales contract to see if the terms both documents match. As well as the Advising Bank (Nominated Bank) & Issuing Bank have to check the documents forwarded by the Exporter that it complies with the LC.
This video is designed to provide those operating within International Trade: Exporters, Importers, Bankers & Insurers, Freight forwarders and Carriers an opportunity to broaden their understanding of Sight Letter of Credit in International Trade.
--
► Subscribe to my Channel https://www.youtube.com/c/TradelinksResources
► Follow My Website: https://tradelinks.com.my/
--
This video was produced by
1. Mr. Billy Fong Goon Poy, ACIB, MITD, MasterTrainer
2. Ms Sook Ling, OnlineContentCreator
Tradelinks Resources conducts public training programs for the following International Trade courses in Malaysia
1. Incoterms 2010
2. Letters of Credit
3. Bills of Lading - Correct Preparation To Avoid Rejection by Banks

published:09 May 2017

views:5666

IDEALBrokerTraining (www.IDEALbrokertraining.com) is the premier freight broker training service and has been training people from across the U.S. and Canada for more than 10 years to become successful freight brokers and/or freight broker agents.
There are many other companies that offer programs ranging in price from $99 to $6,000 and they all claim to be the best, and make many promises to you to get your to buy their products, but ONLY IDEAL offers backs up our claim by providing our clients with the "IDEAL MONEYBACK GUARANTEE"...
So don't settle for less. There may be many other products out there, but there is only one company that is known as the 'IDEAL' Broker Training company.
Call us today at: 985-276-3916 or visit us online at www.IDEALbrokertraining.com
T

published:12 Dec 2010

views:1104

-- Created using PowToon -- Freesign up at http://www.powtoon.com/join -- Create animated videos and animated presentations for free. PowToon is a free tool that allows you to develop cool animated clips and animated presentations for your website, office meeting, sales pitch, nonprofit fundraiser, product launch, video resume, or anything else you could use an animated explainer video. PowToon's animation templates help you create animated presentations and animated explainer videos from scratch. Anyone can produce awesome animations quickly with PowToon, without the cost or hassle other professional animation services require.

published:26 May 2015

views:352

http://www.learnonline2u.net
Tutorial on Letter of Credits (LC) for students studying International Trade and Finance by H.W. Nawawi a former banker (Facilitator and lecturer).
Tutorial 1
http://youtu.be/72Q5EzZwMBo
Tutorial 3
http://youtu.be/zDlpgDNIE7U
http://youtu.be/kCo1tjAx7Uk

What is LETTER OF CREDIT? What does LETTER OF CREDIT mean? LETTER OF CREDIT meaning - LETTER OF CREDIT definition - LETTER OF CREDIT explanation.
Source: Wikipedia.org article, adapted under https://creativecommons.org/licenses/by-sa/3.0/ license.
In modern business practice, a letter of credit is a written undertaking from a bank to pay a beneficiary against the delivery of a specified set of documents.
A letter of credit is a method of payment, considered less secure than payment in advance but more secure than documentary collections and open account from the seller's point of view. From the buyer's point of view it offers more security than payment in advance but less security than documentary collections or open account terms.
However, it is generally considered that Letters of Credit (otherwise known as "DocumentaryCredits") offer a good balance of security between the buyer and the seller, because both the buyer and seller rely upon the security of banks and the banking system to ensure that payment is received and goods are provided. In a Letter of Credit transaction the goods are consigned to the order of the issuing bank, meaning that the bank will not release control of the goods until the buyer has either paid or undertaken to pay the bank for the documents.
In the event that the buyer is unable to make payment on the purchase, the seller may make a demand for payment on the bank. The bank will examine the beneficiary's demand and if it complies with the terms of the letter of credit, will honor the demand. Most letters of credit are governed by rules promulgated by the International Chamber of Commerce known as UniformCustoms and Practice for Documentary Credits. The current version, UCP600, became effective July 1, 2007.
The name "letter of credit" derives from the French word "accréditation", a power to do something, which derives from the Latin "accreditivus", meaning trust.
After a sales contract has been negotiated and letter of credit has been agreed upon as the method of payment, the Applicant will contact a bank to ask for a letter of credit to be issued, and once the issuing bank has ascertained that the Applicant will be able to pay for the goods it will issue the letter of credit. Once the Beneficiary receives the letter of credit it will check the terms to ensure that it matches with the contract, and will either arrange for shipment of the goods or ask for an amendment to the letter of credit so that it meets with the terms of the contract. The letter of credit is limited by time, in terms of the validity of the credit, the latest date of shipment, and in terms of how long after shipment the documents may be presented to the Nominated Bank.
Once the goods have been shipped, the Beneficiary will present the set of requested documents to the Nominated Bank. This bank will check the documents, and if they comply with the terms of the Letter of Credit the Issuing Bank is bound to honour the terms of the letter of credit by paying the Beneficiary.
If the documents do not comply with the terms of the letter of credit they are considered Discrepant. At this point the Nominated Bank will inform the Beneficiary of the discrepancy and offer a number of options depending on the circumstances. If the discrepancies are minor it may be possible to present corrected documents to the bank to make the presentation compliant. Documents presented after the time limits mentioned in the credit are also considered discrepant.
If corrected documents cannot be supplied in time the documents may be forwarded to the issuing bank "in trust"; effectively in the hope that the Applicant will accept the documents. Documents forwarded in trust remove the payment security of a letter of credit so this route must only be used as a last resort.
Some banks will offer to "Telex for Approval" or similar. This is where the Nominated Bank holds the documents, but sends a message to the Issuing Bank to accept the discrepancies. This is more secure than sending documents in trust.

published:11 Mar 2017

views:3618

www.CorrectedCredit.com A quick video on what is available in the broker back office and how to navigate the back office. It is available 24-7 and allows a broker to maintain their account, add new leads, check client status, and add referral partners.
Expert, Full ServiceCredit Repair with Written Guarantee! ExcellentReferralProgram. Create and monitor sales teams, referrals, usage and client repairs 24/7.

published:05 Nov 2011

views:60

Were you hired to deliver freight on behalf of Transgistics Inc? Did the broker using MC 998734 pay you for your services? Located out of 300Cadman Plaza West One PierrePointPlaza 12th Floor, Brooklyn, NY 11201, this company provides 347-293-0908, 718-269-8436, and 917-338-0587 as contact phone numbers. If you've had trouble reaching out to Transgistics Inc about unpaid freight bills, call Bill at 662-258-1948 right now!
Disclaimer - BaxterBailey is not a commercial credit reporting or a scoring agent and simply provides information based upon the number of debt assignments received from motor carriers. Baxter Bailey makes no guarantee that the information reported to it from third-parties is accurate. Baxter Bailey & Associates or affiliates assume no part of the user's business risk, and does not guarantee the accuracy of timeliness of the information provided in this e-mail.
This Alert is furnished as one factor to consider in connection with credit or other business decisions. We encourage all carriers perform the necessary due diligence, before entering into any transaction with any company requesting credit.

published:25 Apr 2017

views:18

monteiroronie@gmail.com
THIS IS THE INTERVIEW WE DID WITH THEM
https://www.youtube.com/watch?v=z67MrRuLLgo&t=1305s
------------------------------------------------------------------------------
First of i want to say thanx to you for all that you do for the community. I carefully listen to all your videos. There are a lot of truckers on youtube, but few provide real usable info like you do. I started cdl school on monday mostly bc of you and golden child. I got a killer deal on a kw that i am working on. I am comming straight out the gate as an owner opp which is not really common but said fuck it lets do it. I have some o.g. guidance thought. But anyways regarding the credit its simple all i need is a copy of their license social a bill for proof of residence and about 3 months. I normally charge 500 for songle and 800 for couples, but for your viewers i ll take care of them for 299.99. Trust me they ll be driving their own trucks by the summer with reasonable payments and not rediculous leases with stupid ballons. Any viewers come to you with ownership questions sent them my wa y if they are looking to finance, i ll give them a free credit eval. Call or email with any questions
Ronie MonteiroASK TUNE A QUESTION 1YBETV@GMAIL.COM

Letter of credit

A letter of credit is a document from a bank guaranteeing that a seller will receive payment in full as long as certain delivery conditions have been met. In the event that the buyer is unable to make payment on the purchase, the bank will cover the outstanding amount.

They are often used in international transactions to ensure that payment will be received where the buyer and seller may not know each other and are operating in different countries. In this case the seller is exposed to a number of risks such as credit risk, and legal risk caused by the distance, differing laws and difficulty in knowing each party personally. A letter of credit provides the seller with a guarantee that they will get paid as long as certain delivery conditions have been met. For this reason the use of letters of credit has become a very important aspect of international trade.

The bank that writes the letter of credit will act on behalf of the buyer and make sure that all delivery conditions have been met before making the payment to the seller. Most letters of credit are governed by rules promulgated by the International Chamber of Commerce known as Uniform Customs and Practice for Documentary Credits. Letters of credit are typically used by importing and exporting companies particularly for large purchases and will often negate the need by the buyer to pay a deposit before delivery is made.

Cargo

The word cargo refers in particular to goods or produce being conveyed – generally for commercial gain – by ship, boat, or aircraft, although the term is now often extended to cover all types of freight, including that carried by train, van, truck, or intermodal container. The term cargo is also used in case of goods in the cold-chain, because the perishable inventory is always in transit towards a final end-use, even when it is held in cold storage or other similar climate-controlled facility.

Multi-modal container units, designed as reusable carriers to facilitate unit load handling of the goods contained, are also referred to as cargo, specially by shipping lines and logistics operators. Similarly, aircraft ULD boxes are also documented as cargo, with associated packing list of the items contained within. When empty containers are shipped each unit is documented as a cargo and when goods are stored within, the contents are termed as containerised cargo.

The company produces concentrate, which is then sold to licensed Coca-Cola bottlers throughout the world. The bottlers, who hold exclusive territory contracts with the company, produce finished product in cans and bottles from the concentrate in combination with filtered water and sweeteners. The bottlers then sell, distribute and merchandise Coca-Cola to retail stores, restaurants and vending machines. The Coca-Cola Company also sells concentrate for soda fountains to major restaurants and food service distributors.

1 (Letter of Credit) Explain the letter of credit mechanism

Case - Explain Complete concept of Letter of Credit with RealExample !
Story - By Amlan ----Contribution's by Runold Fernandes .
I am wanting to buy coke bottles from Coa Cola USA.....so evidently , i am the buyer
Alway's remember that the receive of the payment (seller ) is termed the beneficiary .....so here Coca Cola USA is the benefeciary ....
Let's also understand what is a letter of credit ....it is credit ( payment offered ) against documents and so also called documentary credit .... amechanism wherein the seller of the goods is assured of his payment because the buyer's bank take's guarantee to make the payment ...the seller is not concerned whether the buyer goes bankrupt or not
So , in this case my bank is SBI , Cuffe parade ....this is called the issuing bank ....say , i want to buy 100 crates Coke bottles worth 10 million dollars .....i go and ask the bank to open a letter of credit (the process is called issuing letter of credit ) favoring the bebenficiary and the beneficiary bank as follows
Beneficiary - Coca Cola Ltd
Beneciary Bank - Citi Bank -Los Angeles
Coca Cola Lts had already intimated me that he bank he desires for his payment to be credited shall be Citi Bank (Los Angeles ).....
Case 1 -
In present arrangement , SBI Cuffe parade is the issuing bank , Citi Bank Los anageles is the Bneficiary bank
Once the LC is opened , SBI sends across the letter of credit to the advising bank which then advises Coca Cola that the LC has come and asks for the documents
Say , Coca Cola ships the Material on 16Th May ....he gets the bill of lading and collects all the other documents like the invoice , ciountry of origin , Test certificate , inspection certicate ads mentioned in the LC and makes a presentation of the documents to the advising bank ( not neccesary that documents are to be submitted to the advising bank )
The bank ( in this case ----Citi Bank checkls the documents ...if it finds any discrepancy , it lets know to the seller( Coca Cola ) of the discrepancy ...say test certificate was missing , it lets Coca cola know of the same ...Coca cola then furnishes the remaining document...once the advising bank is satisfied that all documents are in order , it sends the documents to the issuing bank (SBI , cuffe parade )
If SBI , cuffe parade also finds that the docs are in order , then since it has taken guarantee for payment , it will have to make payment for the issued LC i.e pay the advising bank 2000 $ against the docs collected
It then contacts me (buyer ) that all the docs are with it and asks me to make payment and collect the documents
( Sometimes while issuing the letter of credit , the bank blocks that much fund from my account and when the docs arrive debits my account and sends across the documents )
Using the Bill of lading document) document, i go to the Mumbai port to get my shipment released upon subsequent payment of Import duty for the coke trenches
That's it
The basics are clear ,
Hope You enjoyed ,
Cheers ,
Amlan

5:18

Watch What Happens When This Bench Grinder is Turned On

Watch What Happens When This Bench Grinder is Turned On

Watch What Happens When This Bench Grinder is Turned On

Leah unboxes and tests the 8" Harbor FreightBench Grinder/Buffer.
If our videos have been helpful to you, consider supporting us on Patreon: https://www.patreon.com/seejanedrill
Support See JaneDrill by shopping on Amazon through our link:
http://www.amazon.com/?tag=sejadr-20
MusicCredit: Landras Dream by Audionautix
Channel: http://www.youtube.com/seejanedrill
Website: http://www.seejanedrill.com
Facebook: http://www.facebook.com/seejanedrill
Twitter: http://www.twitter.com/seejanedrill
Email us: leah@seejanedrill.com
Get See Jane Drill T-shirts, mugs and other swag from our Spreadshirt store: https://shop.spreadshirt.com/seejanedrill/
Disclaimer:
Due to factors beyond the control of See Jane Drill, we cannot guarantee against improper use or unauthorized modifications of this information. See Jane Drill assumes no liability for property damage or injury incurred as a result of any of the information contained in these videos. Use this information at your own risk. See Jane Drill recommends safe practices when working with tools seen or implied in our video and written content. Due to factors beyond the control of See Jane Drill, no information contained on this youtube channel, Facebook page, website and Twitter page shall create any expressed or implied warranty or guarantee of any particular result. Any injury, damage, or loss that may result from improper use of these tools, equipment, or from the information contained in this content is the sole responsibility of the user and not See Jane Drill.
https://youtu.be/MnMifZoVVl8

3:29

How to Get a Freight Broker Bond?

How to Get a Freight Broker Bond?

How to Get a Freight Broker Bond?

Source: https://www.suretybonds.org/freight-broker-bonds
Description:
To become a freight broker you need a license, but before you get a license you need a freight broker bond. So what’s a freight broker bond and how do you obtain one?
Freight broker bonds are required by the Federal Motor Carrier Safety Administration to guarantee that freight brokers keep their contractual agreements with shippers and carriers. They are also known as a BMC-84 surety bond, trucking surety bond, and a transportation broker surety bond.
Freight broker bonds are meant to guarantee that shippers and motor carriers are compensated if the broker fails to comply with its contracts and agreements. For example, if a freight broker is delaying or refusing payment, the freight broker bond goes into effect and compensates the carrier.
Applying for a freight broker bond is simple, automated and can be done online. You can submit your online application with LanceSurety Bonds. Within minutes we will match you with the surety bond company which offers you the best quote.
To offer a rate, the surety bond company will require basic information regarding your company. It will also review the personal credit of the business owner. In certain cases, you can strengthen your application by submitting personal or business financial statements.
Credit score is reviewed by bonding companies as a way to assess a business owner’s ability to stay on top of their financial responsibilities. There is often a correlation between an owner’s credit and the likelihood of triggering a claim. If there is a claim against you, it is the surety bond company’s responsibility to financially compensate for all losses inflicted. Therefore, people with clean credit history are more likely to receive a bond.
But that doesn’t mean you can’t get bonded if you have bad credit history. You simply might have to pay a slightly higher price for a bond in order to compensate the surety for the additional risk.
The current full amount of a freight broker bond is $75,000. Of that, you only pay an annual premium, which is a small percentage of the $75K. Normally, applicants with clean credit history may pay between 2 and 5 percent. Freight brokers with damaged credit can see quotes between 5 and 13 percent.
Additional resources:
1. "The CompleteComplianceGuide for Freight Brokers" - Download our FREE e-book at https://goo.gl/boCVKv
2. If you want to calculate the cost of your freight broker bond, visit https://www.suretybonds.org/freight-broker-bond-cost
3. If you're thinking of starting a freight brokerage, here is Your Ultimate Infographic Guide: How to Become a Freight Broker - https://www.suretybonds.org/blog/how-to-become-a-freight-broker-ultimate-guide/
4. Wondering what makes a freight broker successful? Check out "How To Be A Successful Freight Broker" infographic at https://www.suretybonds.org/blog/how-to-be-a-successful-freight-broker-infographic/
5. If it's time to renew your freight broker bond, check out "The UltimateFreight Broker BondRenewal Guide" at https://www.suretybonds.org/blog/freight-broker-bond-renewal-guide/
6. For more information on bad credit surety bonds, visit http://www.suretybonds.org/bad-credit-surety-bonds
7. Want to learn more about how to lower your surety bond rate? Visit https://www.suretybonds.org/surety-bond-rates
8. If you need additional educational materials, here are the most recommended and authoritative freight broker training books: https://www.suretybonds.org/blog/4-top-freight-broker-training-books/
9. To get a FREE surety bond quote, apply online now: https://www.suretybonds.org/online-application

5:07

Letter of Credit : How a Sight Letter of Credit works (2018)

Letter of Credit : How a Sight Letter of Credit works (2018)

Letter of Credit : How a Sight Letter of Credit works (2018)

The workflow of a SightLetter of Credit involves the Importer (Applicant), Issuing Bank, Advising Bank and Exporter (Beneficiary) in diagrams and animation.
Under the method of payment of DocumentaryCredit also known as Letter of Credit – we have 2 types which is Sight and Usance. This video specifically looks at How a Sight Letter of Credit works in International Trade.
This video is a step by step workflow of what happens after the Exporter and Importer have entered into a sales contract & the Importer applies for a Letter of Credit with the Issuing Bank. This video also addresses the definition of a Letter of Credit.
Letter of Credit (LC) is an undertaking of payment given by the Importer’s Bank to the Exporter for a specified sum provided the Exporter ships out the goods and present the required compliant documents by a predetermined deadline. Hence LC is a tool used to reduce the risk of non-payment and is a fundamental component of international trade. LC is governed by a set of guidelines called the UniformCustoms and Practice for Documentary Credits (UCP 600), which is issued by the International Chamber of Commerce.
What is important to note about Letter of Credit is strict compliance with documentary requirements. In the video, you will note that the Exporter needs to check the LC with the sales contract to see if the terms both documents match. As well as the Advising Bank (Nominated Bank) & Issuing Bank have to check the documents forwarded by the Exporter that it complies with the LC.
This video is designed to provide those operating within International Trade: Exporters, Importers, Bankers & Insurers, Freight forwarders and Carriers an opportunity to broaden their understanding of Sight Letter of Credit in International Trade.
--
► Subscribe to my Channel https://www.youtube.com/c/TradelinksResources
► Follow My Website: https://tradelinks.com.my/
--
This video was produced by
1. Mr. Billy Fong Goon Poy, ACIB, MITD, MasterTrainer
2. Ms Sook Ling, OnlineContentCreator
Tradelinks Resources conducts public training programs for the following International Trade courses in Malaysia
1. Incoterms 2010
2. Letters of Credit
3. Bills of Lading - Correct Preparation To Avoid Rejection by Banks

1:20

Freight Broker Training - The IDEAL Guarantee

Freight Broker Training - The IDEAL Guarantee

Freight Broker Training - The IDEAL Guarantee

IDEALBrokerTraining (www.IDEALbrokertraining.com) is the premier freight broker training service and has been training people from across the U.S. and Canada for more than 10 years to become successful freight brokers and/or freight broker agents.
There are many other companies that offer programs ranging in price from $99 to $6,000 and they all claim to be the best, and make many promises to you to get your to buy their products, but ONLY IDEAL offers backs up our claim by providing our clients with the "IDEAL MONEYBACK GUARANTEE"...
So don't settle for less. There may be many other products out there, but there is only one company that is known as the 'IDEAL' Broker Training company.
Call us today at: 985-276-3916 or visit us online at www.IDEALbrokertraining.com
T

2:14

Shipping Guarantee

Shipping Guarantee

Shipping Guarantee

-- Created using PowToon -- Freesign up at http://www.powtoon.com/join -- Create animated videos and animated presentations for free. PowToon is a free tool that allows you to develop cool animated clips and animated presentations for your website, office meeting, sales pitch, nonprofit fundraiser, product launch, video resume, or anything else you could use an animated explainer video. PowToon's animation templates help you create animated presentations and animated explainer videos from scratch. Anyone can produce awesome animations quickly with PowToon, without the cost or hassle other professional animation services require.

6:43

Letter of Credit Tutorial 2 | Issuing and Advising

Letter of Credit Tutorial 2 | Issuing and Advising

Letter of Credit Tutorial 2 | Issuing and Advising

http://www.learnonline2u.net
Tutorial on Letter of Credits (LC) for students studying International Trade and Finance by H.W. Nawawi a former banker (Facilitator and lecturer).
Tutorial 1
http://youtu.be/72Q5EzZwMBo
Tutorial 3
http://youtu.be/zDlpgDNIE7U
http://youtu.be/kCo1tjAx7Uk

Trucking Transportation Business Loan

What is LETTER OF CREDIT? What does LETTER OF CREDIT mean? LETTER OF CREDIT meaning & explanation

What is LETTER OF CREDIT? What does LETTER OF CREDIT mean? LETTER OF CREDIT meaning & explanation

What is LETTER OF CREDIT? What does LETTER OF CREDIT mean? LETTER OF CREDIT meaning & explanation

What is LETTER OF CREDIT? What does LETTER OF CREDIT mean? LETTER OF CREDIT meaning - LETTER OF CREDIT definition - LETTER OF CREDIT explanation.
Source: Wikipedia.org article, adapted under https://creativecommons.org/licenses/by-sa/3.0/ license.
In modern business practice, a letter of credit is a written undertaking from a bank to pay a beneficiary against the delivery of a specified set of documents.
A letter of credit is a method of payment, considered less secure than payment in advance but more secure than documentary collections and open account from the seller's point of view. From the buyer's point of view it offers more security than payment in advance but less security than documentary collections or open account terms.
However, it is generally considered that Letters of Credit (otherwise known as "DocumentaryCredits") offer a good balance of security between the buyer and the seller, because both the buyer and seller rely upon the security of banks and the banking system to ensure that payment is received and goods are provided. In a Letter of Credit transaction the goods are consigned to the order of the issuing bank, meaning that the bank will not release control of the goods until the buyer has either paid or undertaken to pay the bank for the documents.
In the event that the buyer is unable to make payment on the purchase, the seller may make a demand for payment on the bank. The bank will examine the beneficiary's demand and if it complies with the terms of the letter of credit, will honor the demand. Most letters of credit are governed by rules promulgated by the International Chamber of Commerce known as UniformCustoms and Practice for Documentary Credits. The current version, UCP600, became effective July 1, 2007.
The name "letter of credit" derives from the French word "accréditation", a power to do something, which derives from the Latin "accreditivus", meaning trust.
After a sales contract has been negotiated and letter of credit has been agreed upon as the method of payment, the Applicant will contact a bank to ask for a letter of credit to be issued, and once the issuing bank has ascertained that the Applicant will be able to pay for the goods it will issue the letter of credit. Once the Beneficiary receives the letter of credit it will check the terms to ensure that it matches with the contract, and will either arrange for shipment of the goods or ask for an amendment to the letter of credit so that it meets with the terms of the contract. The letter of credit is limited by time, in terms of the validity of the credit, the latest date of shipment, and in terms of how long after shipment the documents may be presented to the Nominated Bank.
Once the goods have been shipped, the Beneficiary will present the set of requested documents to the Nominated Bank. This bank will check the documents, and if they comply with the terms of the Letter of Credit the Issuing Bank is bound to honour the terms of the letter of credit by paying the Beneficiary.
If the documents do not comply with the terms of the letter of credit they are considered Discrepant. At this point the Nominated Bank will inform the Beneficiary of the discrepancy and offer a number of options depending on the circumstances. If the discrepancies are minor it may be possible to present corrected documents to the bank to make the presentation compliant. Documents presented after the time limits mentioned in the credit are also considered discrepant.
If corrected documents cannot be supplied in time the documents may be forwarded to the issuing bank "in trust"; effectively in the hope that the Applicant will accept the documents. Documents forwarded in trust remove the payment security of a letter of credit so this route must only be used as a last resort.
Some banks will offer to "Telex for Approval" or similar. This is where the Nominated Bank holds the documents, but sends a message to the Issuing Bank to accept the discrepancies. This is more secure than sending documents in trust.

1:34

The Credit Corrector - Expert, Full Service Credit Repair - Broker Back Office

The Credit Corrector - Expert, Full Service Credit Repair - Broker Back Office

The Credit Corrector - Expert, Full Service Credit Repair - Broker Back Office

www.CorrectedCredit.com A quick video on what is available in the broker back office and how to navigate the back office. It is available 24-7 and allows a broker to maintain their account, add new leads, check client status, and add referral partners.
Expert, Full ServiceCredit Repair with Written Guarantee! ExcellentReferralProgram. Create and monitor sales teams, referrals, usage and client repairs 24/7.

1:17

Transgistics Inc.

Transgistics Inc.

Transgistics Inc.

Were you hired to deliver freight on behalf of Transgistics Inc? Did the broker using MC 998734 pay you for your services? Located out of 300Cadman Plaza West One PierrePointPlaza 12th Floor, Brooklyn, NY 11201, this company provides 347-293-0908, 718-269-8436, and 917-338-0587 as contact phone numbers. If you've had trouble reaching out to Transgistics Inc about unpaid freight bills, call Bill at 662-258-1948 right now!
Disclaimer - BaxterBailey is not a commercial credit reporting or a scoring agent and simply provides information based upon the number of debt assignments received from motor carriers. Baxter Bailey makes no guarantee that the information reported to it from third-parties is accurate. Baxter Bailey & Associates or affiliates assume no part of the user's business risk, and does not guarantee the accuracy of timeliness of the information provided in this e-mail.
This Alert is furnished as one factor to consider in connection with credit or other business decisions. We encourage all carriers perform the necessary due diligence, before entering into any transaction with any company requesting credit.

6:05

HOW TO BUILD CREDIT FOR YOUR TRUCKING BUSINESS

HOW TO BUILD CREDIT FOR YOUR TRUCKING BUSINESS

HOW TO BUILD CREDIT FOR YOUR TRUCKING BUSINESS

monteiroronie@gmail.com
THIS IS THE INTERVIEW WE DID WITH THEM
https://www.youtube.com/watch?v=z67MrRuLLgo&t=1305s
------------------------------------------------------------------------------
First of i want to say thanx to you for all that you do for the community. I carefully listen to all your videos. There are a lot of truckers on youtube, but few provide real usable info like you do. I started cdl school on monday mostly bc of you and golden child. I got a killer deal on a kw that i am working on. I am comming straight out the gate as an owner opp which is not really common but said fuck it lets do it. I have some o.g. guidance thought. But anyways regarding the credit its simple all i need is a copy of their license social a bill for proof of residence and about 3 months. I normally charge 500 for songle and 800 for couples, but for your viewers i ll take care of them for 299.99. Trust me they ll be driving their own trucks by the summer with reasonable payments and not rediculous leases with stupid ballons. Any viewers come to you with ownership questions sent them my wa y if they are looking to finance, i ll give them a free credit eval. Call or email with any questions
Ronie MonteiroASK TUNE A QUESTION 1YBETV@GMAIL.COM

3 (Letter of Credit ) What does the advising bank mean ?

Case - Explain Complete concept of Letter of Credit with RealExample !
Story - By Amlan ----Contribution's by Runold Fernandes .
I am wanting to buy coke bottles from Coa Cola USA.....so evidently , i am the buyer
Alway's remember that the receive of the payment (seller ) is termed the beneficiary .....so here Coca Cola USA is the benefeciary ....
Let's also understand what is a letter of credit ....it is credit ( payment offered ) against documents and so also called documentary credit .... amechanism wherein the seller of the goods is assured of his payment because the buyer's bank take's guarantee to make the payment ...the seller is not concerned whether the buyer goes bankrupt or not
So , in this case my bank is SBI , Cuffe parade ....this is called the issuing bank ....say , i want to buy 100 crates Coke bottles worth 10 million dollars .....i go and ask the bank to open a letter of credit (the process is called issuing letter of credit ) favoring the bebenficiary and the beneficiary bank as follows
Beneficiary - Coca Cola Ltd
Beneciary Bank - Citi Bank -Los Angeles
Coca Cola Lts had already intimated me that he bank he desires for his payment to be credited shall be Citi Bank (Los Angeles ).....
Case 1 -
In present arrangement , SBI Cuffe parade is the issuing bank , Citi Bank Los anageles is the Bneficiary bank
Once the LC is opened , SBI sends across the letter of credit to the advising bank which then advises Coca Cola that the LC has come and asks for the documents
Say , Coca Cola ships the Material on 16Th May ....he gets the bill of lading and collects all the other documents like the invoice , ciountry of origin , Test certificate , inspection certicate ads mentioned in the LC and makes a presentation of the documents to the advising bank ( not neccesary that documents are to be submitted to the advising bank )
The bank ( in this case ----Citi Bank checkls the documents ...if it finds any discrepancy , it lets know to the seller( Coca Cola ) of the discrepancy ...say test certificate was missing , it lets Coca cola know of the same ...Coca cola then furnishes the remaining document...once the advising bank is satisfied that all documents are in order , it sends the documents to the issuing bank (SBI , cuffe parade )
If SBI , cuffe parade also finds that the docs are in order , then since it has taken guarantee for payment , it will have to make payment for the issued LC i.e pay the advising bank 2000 $ against the docs collected
It then contacts me (buyer ) that all the docs are with it and asks me to make payment and collect the documents
( Sometimes while issuing the letter of credit , the bank blocks that much fund from my account and when the docs arrive debits my account and sends across the documents )
Using the Bill of lading document) document, i go to the Mumbai port to get my shipment released upon subsequent payment of Import duty for the coke trenches
That's it
The basics are clear ,
Hope You enjoyed ,
Cheers ,
Amlan

7:45

Step by Step Procedure in an Export Shipment from India

Step by Step Procedure in an Export Shipment from India

Step by Step Procedure in an Export Shipment from India

Important Steps in an Export Shipment from India.
Export import procedures and documentation in India.
How to start export import business.
How to start import export business.
WHY SHOULD YOU SPENT Rs. 25000 to 50000 just to learn How to Start Export-Import Business?
Buy our E-Book at Just Rs. 499.00 on "How to start your own Export-Import Business" and Become a successful guaranteed Importer-Exporter.
visit www.eximbook.in
Our Practical E-Book Contain following Points.
1) EXPORT SHIPMENT: Step wise ActionPlan to be taken by the Exporter at the Pre Shipment and post Shipment Stage.
2) IMPORT SHIPMENT: Step wise Action Plan to be taken by the Importer at the Pre-Shipment and Post Shipment Stage.
1) Formation of Export-Import Firm.
2) How to find overseas buyers / market.
3) Drafting format / Mails on how to communicate with overseas buyers.
4) Information on Various places from where exporter can find Buyers.
5) Marketing Development Assistance from Indian Govt.
6) How our govt provides us foreign Exhibition Participation Expenses (Procedure).
7) How to Calculate Export Price.
8) Term of Payment and Delivery Term.
9) Full Export Procedure.
10) Export Documentation.
11) Document wise and column wise Guidelines for preparing Export Documents.
12) Blank and Dummy made Export Document’s format to understand well.
13) Our own Real copy of all Export Documents.
14) Types of Container and container details.
15) Central Excise responsibilities.
16) Pre- Shipment and Post Shipment Finance from Bank.
17) Packing and ShippingMark of Export Goods.
18) Pre-Shipment Inspection of Export goods by Inspection Agencies.
19) Export-Import by courier / Post.
20) Foreign TradePolicy and Handbook of Procedures 2015-2020.
Customs clearance procedure.
21) Insurance against risk like Losses / Damages, Drowning of goods.
22) Risk of Payment in Export. Insurance Policies.
And many more...

Letter of Credit Basics

Launch of the FTA Credit Insurance Program

You are invited to attend our breakfast launch at the NovotelBrighton Beach, Sydney on Tuesday 28 October 2014 - refer to the FeatureEvent at www.FTAlliance.com.au
PROVISION OF CREDIT
In a highly competitive market, importers increasingly have an expectation that their service providers (customs brokers and freight forwarders) will act as pseudo bankers to finance freight, duty, GST and import processing fees for 30+ days.
In light of the latest CPA Australia audit report, the provision of credit without appropriate safeguards, is clearly an extremely high risk practice for service providers.
CPA chief executive Alex Malley said the extraordinary findings of the report were a sobering reminder of the fragility of the Australian economy and the challenges many businesses face with nearly one third of all ASX listed companies, including more than half of the bottom 500, facing serious financial uncertainty.
FTA ADVOCACY
In support of your business we are tackling the credit risk issue through emerging border reforms and the introduction of commercial solutions.
Above and beyond our involvement in the Trusted Trader Programme, our efforts are aimed at supporting the ACBPS in developing improved risk assessment methodologies by advocating that direct EFT payments be made by importers to reduce identity fraud issues – for further detail please click HERE.
In parallel to these efforts, we have formed an important alliance with Coface, a worldwide leader in credit insurance offering companies around the globe solutions for trade receivables management.
Whilst credit insurance is commercially available on a bespoke basis, feedback that we have received is that high premiums are commonly seen as making this solution cost prohibitive.
That is where our alliance with Coface comes into play.
PROGRAM LAUNCHBased on the overwhelmingly positive feedback for this initiative discussed at our recent CPD – BorderComplianceProgram in Melbourne and Sydney, we are excited to announce that we will be launching the FTA Credit Insurance Program effective during Q1 2015.
Using the bulk buying power of our growing subscriber base, our program we will reduce premiums for a collective group of businesses and importantly will assist FTA subscribers in completing due diligence on current and potential clients to make sure that they are solvent.

4:42

Business Credit Ty Crandall

Business Credit Ty Crandall

Business Credit Ty Crandall

Important details about BusinessCredit by Ty Crandall. Check out this short video to learn more about the power of business credit.Business Credit… In this 5 minute video You’ll Discover Exactly How to BuildYour Business Credit… To Get Credit with No Personal Guarantee or Credit Check
90% of the business population knows nothing about business credit per Entrepreneur.com.
In this 30 minute webinar you’ll learn everything you’ll need to know to establish business credit for your business, quickly, easily, and with little effort.
During this even you’ll discover:
The 3 types of credit that every business has… and how you can insure your three credit types are all lendable
How the bank credit system works… a must know because ALL business loans you apply with take into account your bank credit score
What business credit is and how it really works
6 business credit benefits that most business owners don’t know about… and how these can be a game changer for you and your business
The differences between how business credit and consumer credit are built… you’ll be amazed at how similar consumer and business credit really are
3 things you must do to have established business credit
Why most people don’t know about business credit… and how any business can build it
4 steps to building business credit… you must follow these 4 steps to get approved
How to make sure your business is credible in the lender’s eyes… so you’ll know you can get approved before you even apply
How to pass the “credibility test” that all lenders and credit issuers use
6 items you must have to get approved for business credit
3 types of business credit… and the type you MUST start with to get approved, not denied
4 actual business credit sources who will approve any business for new credit
How to get revolving store and cash credit for your business… without a personal guarantee or credit check
14 revolving store credit cards you can get with no guarantee or credit check
3 BIG mistakes people make when building business credit that cause them to fail… and how you can succeed
And much more
This is the first time EVER I’ve condensed this much information into this short of an event. So block off 30 minutes of your day for a ton of valuable details that can help you raise your business to a whole other level this year! Do you want money for your business? Get approved at this link http://www.creditsuite.com/getfunding
July 18, 2015 by, Ty Crandall Credit Suite

1 (Letter of Credit) Explain the letter of credit mechanism

Case - Explain Complete concept of Letter of Credit with RealExample !
Story - By Amlan ----Contribution's by Runold Fernandes .
I am wanting to buy coke bottles from Coa Cola USA.....so evidently , i am the buyer
Alway's remember that the receive of the payment (seller ) is termed the beneficiary .....so here Coca Cola USA is the benefeciary ....
Let's also understand what is a letter of credit ....it is credit ( payment offered ) against documents and so also called documentary credit .... amechanism wherein the seller of the goods is assured of his payment because the buyer's bank take's guarantee to make the payment ...the seller is not concerned whether the buyer goes bankrupt or not
So , in this case my bank is SBI , Cuffe parade ....this is called the issui...

published: 04 May 2014

Watch What Happens When This Bench Grinder is Turned On

Leah unboxes and tests the 8" Harbor FreightBench Grinder/Buffer.
If our videos have been helpful to you, consider supporting us on Patreon: https://www.patreon.com/seejanedrill
Support See JaneDrill by shopping on Amazon through our link:
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Disclaimer:
Due to factors beyond the control of See Jane Drill, we cannot guarantee against improper use or unauthorized modifications of ...

published: 23 Aug 2017

How to Get a Freight Broker Bond?

Source: https://www.suretybonds.org/freight-broker-bonds
Description:
To become a freight broker you need a license, but before you get a license you need a freight broker bond. So what’s a freight broker bond and how do you obtain one?
Freight broker bonds are required by the Federal Motor Carrier Safety Administration to guarantee that freight brokers keep their contractual agreements with shippers and carriers. They are also known as a BMC-84 surety bond, trucking surety bond, and a transportation broker surety bond.
Freight broker bonds are meant to guarantee that shippers and motor carriers are compensated if the broker fails to comply with its contracts and agreements. For example, if a freight broker is delaying or refusing payment, the freight broker bond goes into effect and co...

published: 02 Jan 2015

Letter of Credit : How a Sight Letter of Credit works (2018)

The workflow of a SightLetter of Credit involves the Importer (Applicant), Issuing Bank, Advising Bank and Exporter (Beneficiary) in diagrams and animation.
Under the method of payment of DocumentaryCredit also known as Letter of Credit – we have 2 types which is Sight and Usance. This video specifically looks at How a Sight Letter of Credit works in International Trade.
This video is a step by step workflow of what happens after the Exporter and Importer have entered into a sales contract & the Importer applies for a Letter of Credit with the Issuing Bank. This video also addresses the definition of a Letter of Credit.
Letter of Credit (LC) is an undertaking of payment given by the Importer’s Bank to the Exporter for a specified sum provided the Exporter ships out the goods and pre...

published: 09 May 2017

Freight Broker Training - The IDEAL Guarantee

IDEALBrokerTraining (www.IDEALbrokertraining.com) is the premier freight broker training service and has been training people from across the U.S. and Canada for more than 10 years to become successful freight brokers and/or freight broker agents.
There are many other companies that offer programs ranging in price from $99 to $6,000 and they all claim to be the best, and make many promises to you to get your to buy their products, but ONLY IDEAL offers backs up our claim by providing our clients with the "IDEAL MONEYBACK GUARANTEE"...
So don't settle for less. There may be many other products out there, but there is only one company that is known as the 'IDEAL' Broker Training company.
Call us today at: 985-276-3916 or visit us online at www.IDEALbrokertraining.com
T

published: 12 Dec 2010

Shipping Guarantee

-- Created using PowToon -- Freesign up at http://www.powtoon.com/join -- Create animated videos and animated presentations for free. PowToon is a free tool that allows you to develop cool animated clips and animated presentations for your website, office meeting, sales pitch, nonprofit fundraiser, product launch, video resume, or anything else you could use an animated explainer video. PowToon's animation templates help you create animated presentations and animated explainer videos from scratch. Anyone can produce awesome animations quickly with PowToon, without the cost or hassle other professional animation services require.

published: 26 May 2015

Letter of Credit Tutorial 2 | Issuing and Advising

http://www.learnonline2u.net
Tutorial on Letter of Credits (LC) for students studying International Trade and Finance by H.W. Nawawi a former banker (Facilitator and lecturer).
Tutorial 1
http://youtu.be/72Q5EzZwMBo
Tutorial 3
http://youtu.be/zDlpgDNIE7U
http://youtu.be/kCo1tjAx7Uk

Trucking Transportation Business Loan

What is LETTER OF CREDIT? What does LETTER OF CREDIT mean? LETTER OF CREDIT meaning & explanation

What is LETTER OF CREDIT? What does LETTER OF CREDIT mean? LETTER OF CREDIT meaning - LETTER OF CREDIT definition - LETTER OF CREDIT explanation.
Source: Wikipedia.org article, adapted under https://creativecommons.org/licenses/by-sa/3.0/ license.
In modern business practice, a letter of credit is a written undertaking from a bank to pay a beneficiary against the delivery of a specified set of documents.
A letter of credit is a method of payment, considered less secure than payment in advance but more secure than documentary collections and open account from the seller's point of view. From the buyer's point of view it offers more security than payment in advance but less security than documentary collections or open account terms.
However, it is generally considered that Letters of Cr...

published: 11 Mar 2017

The Credit Corrector - Expert, Full Service Credit Repair - Broker Back Office

www.CorrectedCredit.com A quick video on what is available in the broker back office and how to navigate the back office. It is available 24-7 and allows a broker to maintain their account, add new leads, check client status, and add referral partners.
Expert, Full ServiceCredit Repair with Written Guarantee! ExcellentReferralProgram. Create and monitor sales teams, referrals, usage and client repairs 24/7.

published: 05 Nov 2011

Transgistics Inc.

Were you hired to deliver freight on behalf of Transgistics Inc? Did the broker using MC 998734 pay you for your services? Located out of 300Cadman Plaza West One PierrePointPlaza 12th Floor, Brooklyn, NY 11201, this company provides 347-293-0908, 718-269-8436, and 917-338-0587 as contact phone numbers. If you've had trouble reaching out to Transgistics Inc about unpaid freight bills, call Bill at 662-258-1948 right now!
Disclaimer - BaxterBailey is not a commercial credit reporting or a scoring agent and simply provides information based upon the number of debt assignments received from motor carriers. Baxter Bailey makes no guarantee that the information reported to it from third-parties is accurate. Baxter Bailey & Associates or affiliates assume no part of the user's business ris...

published: 25 Apr 2017

HOW TO BUILD CREDIT FOR YOUR TRUCKING BUSINESS

monteiroronie@gmail.com
THIS IS THE INTERVIEW WE DID WITH THEM
https://www.youtube.com/watch?v=z67MrRuLLgo&t=1305s
------------------------------------------------------------------------------
First of i want to say thanx to you for all that you do for the community. I carefully listen to all your videos. There are a lot of truckers on youtube, but few provide real usable info like you do. I started cdl school on monday mostly bc of you and golden child. I got a killer deal on a kw that i am working on. I am comming straight out the gate as an owner opp which is not really common but said fuck it lets do it. I have some o.g. guidance thought. But anyways regarding the credit its simple all i need is a copy of their license social a bill for proof of residence and about 3 months. I normal...

3 (Letter of Credit ) What does the advising bank mean ?

Case - Explain Complete concept of Letter of Credit with RealExample !
Story - By Amlan ----Contribution's by Runold Fernandes .
I am wanting to buy coke bottles from Coa Cola USA.....so evidently , i am the buyer
Alway's remember that the receive of the payment (seller ) is termed the beneficiary .....so here Coca Cola USA is the benefeciary ....
Let's also understand what is a letter of credit ....it is credit ( payment offered ) against documents and so also called documentary credit .... amechanism wherein the seller of the goods is assured of his payment because the buyer's bank take's guarantee to make the payment ...the seller is not concerned whether the buyer goes bankrupt or not
So , in this case my bank is SBI , Cuffe parade ....this is called the issui...

published: 04 May 2014

Step by Step Procedure in an Export Shipment from India

Important Steps in an Export Shipment from India.
Export import procedures and documentation in India.
How to start export import business.
How to start import export business.
WHY SHOULD YOU SPENT Rs. 25000 to 50000 just to learn How to Start Export-Import Business?
Buy our E-Book at Just Rs. 499.00 on "How to start your own Export-Import Business" and Become a successful guaranteed Importer-Exporter.
visit www.eximbook.in
Our Practical E-Book Contain following Points.
1) EXPORT SHIPMENT: Step wise ActionPlan to be taken by the Exporter at the Pre Shipment and post Shipment Stage.
2) IMPORT SHIPMENT: Step wise Action Plan to be taken by the Importer at the Pre-Shipment and Post Shipment Stage.
1) Formation of Export-Import Firm.
2) How to find overseas buyers / market.
3) Drafting...

published: 21 Feb 2017

Letter of Credit Basics

Launch of the FTA Credit Insurance Program

You are invited to attend our breakfast launch at the NovotelBrighton Beach, Sydney on Tuesday 28 October 2014 - refer to the FeatureEvent at www.FTAlliance.com.au
PROVISION OF CREDIT
In a highly competitive market, importers increasingly have an expectation that their service providers (customs brokers and freight forwarders) will act as pseudo bankers to finance freight, duty, GST and import processing fees for 30+ days.
In light of the latest CPA Australia audit report, the provision of credit without appropriate safeguards, is clearly an extremely high risk practice for service providers.
CPA chief executive Alex Malley said the extraordinary findings of the report were a sobering reminder of the fragility of the Australian economy and the challenges many businesses face with nea...

published: 03 Oct 2014

Business Credit Ty Crandall

Important details about BusinessCredit by Ty Crandall. Check out this short video to learn more about the power of business credit.Business Credit… In this 5 minute video You’ll Discover Exactly How to BuildYour Business Credit… To Get Credit with No Personal Guarantee or Credit Check
90% of the business population knows nothing about business credit per Entrepreneur.com.
In this 30 minute webinar you’ll learn everything you’ll need to know to establish business credit for your business, quickly, easily, and with little effort.
During this even you’ll discover:
The 3 types of credit that every business has… and how you can insure your three credit types are all lendable
How the bank credit system works… a must know because ALL business loans you apply with take into account your bank cre...

Case - Explain Complete concept of Letter of Credit with RealExample !
Story - By Amlan ----Contribution's by Runold Fernandes .
I am wanting to buy coke bottles from Coa Cola USA.....so evidently , i am the buyer
Alway's remember that the receive of the payment (seller ) is termed the beneficiary .....so here Coca Cola USA is the benefeciary ....
Let's also understand what is a letter of credit ....it is credit ( payment offered ) against documents and so also called documentary credit .... amechanism wherein the seller of the goods is assured of his payment because the buyer's bank take's guarantee to make the payment ...the seller is not concerned whether the buyer goes bankrupt or not
So , in this case my bank is SBI , Cuffe parade ....this is called the issuing bank ....say , i want to buy 100 crates Coke bottles worth 10 million dollars .....i go and ask the bank to open a letter of credit (the process is called issuing letter of credit ) favoring the bebenficiary and the beneficiary bank as follows
Beneficiary - Coca Cola Ltd
Beneciary Bank - Citi Bank -Los Angeles
Coca Cola Lts had already intimated me that he bank he desires for his payment to be credited shall be Citi Bank (Los Angeles ).....
Case 1 -
In present arrangement , SBI Cuffe parade is the issuing bank , Citi Bank Los anageles is the Bneficiary bank
Once the LC is opened , SBI sends across the letter of credit to the advising bank which then advises Coca Cola that the LC has come and asks for the documents
Say , Coca Cola ships the Material on 16Th May ....he gets the bill of lading and collects all the other documents like the invoice , ciountry of origin , Test certificate , inspection certicate ads mentioned in the LC and makes a presentation of the documents to the advising bank ( not neccesary that documents are to be submitted to the advising bank )
The bank ( in this case ----Citi Bank checkls the documents ...if it finds any discrepancy , it lets know to the seller( Coca Cola ) of the discrepancy ...say test certificate was missing , it lets Coca cola know of the same ...Coca cola then furnishes the remaining document...once the advising bank is satisfied that all documents are in order , it sends the documents to the issuing bank (SBI , cuffe parade )
If SBI , cuffe parade also finds that the docs are in order , then since it has taken guarantee for payment , it will have to make payment for the issued LC i.e pay the advising bank 2000 $ against the docs collected
It then contacts me (buyer ) that all the docs are with it and asks me to make payment and collect the documents
( Sometimes while issuing the letter of credit , the bank blocks that much fund from my account and when the docs arrive debits my account and sends across the documents )
Using the Bill of lading document) document, i go to the Mumbai port to get my shipment released upon subsequent payment of Import duty for the coke trenches
That's it
The basics are clear ,
Hope You enjoyed ,
Cheers ,
Amlan

Case - Explain Complete concept of Letter of Credit with RealExample !
Story - By Amlan ----Contribution's by Runold Fernandes .
I am wanting to buy coke bottles from Coa Cola USA.....so evidently , i am the buyer
Alway's remember that the receive of the payment (seller ) is termed the beneficiary .....so here Coca Cola USA is the benefeciary ....
Let's also understand what is a letter of credit ....it is credit ( payment offered ) against documents and so also called documentary credit .... amechanism wherein the seller of the goods is assured of his payment because the buyer's bank take's guarantee to make the payment ...the seller is not concerned whether the buyer goes bankrupt or not
So , in this case my bank is SBI , Cuffe parade ....this is called the issuing bank ....say , i want to buy 100 crates Coke bottles worth 10 million dollars .....i go and ask the bank to open a letter of credit (the process is called issuing letter of credit ) favoring the bebenficiary and the beneficiary bank as follows
Beneficiary - Coca Cola Ltd
Beneciary Bank - Citi Bank -Los Angeles
Coca Cola Lts had already intimated me that he bank he desires for his payment to be credited shall be Citi Bank (Los Angeles ).....
Case 1 -
In present arrangement , SBI Cuffe parade is the issuing bank , Citi Bank Los anageles is the Bneficiary bank
Once the LC is opened , SBI sends across the letter of credit to the advising bank which then advises Coca Cola that the LC has come and asks for the documents
Say , Coca Cola ships the Material on 16Th May ....he gets the bill of lading and collects all the other documents like the invoice , ciountry of origin , Test certificate , inspection certicate ads mentioned in the LC and makes a presentation of the documents to the advising bank ( not neccesary that documents are to be submitted to the advising bank )
The bank ( in this case ----Citi Bank checkls the documents ...if it finds any discrepancy , it lets know to the seller( Coca Cola ) of the discrepancy ...say test certificate was missing , it lets Coca cola know of the same ...Coca cola then furnishes the remaining document...once the advising bank is satisfied that all documents are in order , it sends the documents to the issuing bank (SBI , cuffe parade )
If SBI , cuffe parade also finds that the docs are in order , then since it has taken guarantee for payment , it will have to make payment for the issued LC i.e pay the advising bank 2000 $ against the docs collected
It then contacts me (buyer ) that all the docs are with it and asks me to make payment and collect the documents
( Sometimes while issuing the letter of credit , the bank blocks that much fund from my account and when the docs arrive debits my account and sends across the documents )
Using the Bill of lading document) document, i go to the Mumbai port to get my shipment released upon subsequent payment of Import duty for the coke trenches
That's it
The basics are clear ,
Hope You enjoyed ,
Cheers ,
Amlan

Watch What Happens When This Bench Grinder is Turned On

Leah unboxes and tests the 8" Harbor FreightBench Grinder/Buffer.
If our videos have been helpful to you, consider supporting us on Patreon: https://www.patre...

Leah unboxes and tests the 8" Harbor FreightBench Grinder/Buffer.
If our videos have been helpful to you, consider supporting us on Patreon: https://www.patreon.com/seejanedrill
Support See JaneDrill by shopping on Amazon through our link:
http://www.amazon.com/?tag=sejadr-20
MusicCredit: Landras Dream by Audionautix
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Disclaimer:
Due to factors beyond the control of See Jane Drill, we cannot guarantee against improper use or unauthorized modifications of this information. See Jane Drill assumes no liability for property damage or injury incurred as a result of any of the information contained in these videos. Use this information at your own risk. See Jane Drill recommends safe practices when working with tools seen or implied in our video and written content. Due to factors beyond the control of See Jane Drill, no information contained on this youtube channel, Facebook page, website and Twitter page shall create any expressed or implied warranty or guarantee of any particular result. Any injury, damage, or loss that may result from improper use of these tools, equipment, or from the information contained in this content is the sole responsibility of the user and not See Jane Drill.
https://youtu.be/MnMifZoVVl8

Leah unboxes and tests the 8" Harbor FreightBench Grinder/Buffer.
If our videos have been helpful to you, consider supporting us on Patreon: https://www.patreon.com/seejanedrill
Support See JaneDrill by shopping on Amazon through our link:
http://www.amazon.com/?tag=sejadr-20
MusicCredit: Landras Dream by Audionautix
Channel: http://www.youtube.com/seejanedrill
Website: http://www.seejanedrill.com
Facebook: http://www.facebook.com/seejanedrill
Twitter: http://www.twitter.com/seejanedrill
Email us: leah@seejanedrill.com
Get See Jane Drill T-shirts, mugs and other swag from our Spreadshirt store: https://shop.spreadshirt.com/seejanedrill/
Disclaimer:
Due to factors beyond the control of See Jane Drill, we cannot guarantee against improper use or unauthorized modifications of this information. See Jane Drill assumes no liability for property damage or injury incurred as a result of any of the information contained in these videos. Use this information at your own risk. See Jane Drill recommends safe practices when working with tools seen or implied in our video and written content. Due to factors beyond the control of See Jane Drill, no information contained on this youtube channel, Facebook page, website and Twitter page shall create any expressed or implied warranty or guarantee of any particular result. Any injury, damage, or loss that may result from improper use of these tools, equipment, or from the information contained in this content is the sole responsibility of the user and not See Jane Drill.
https://youtu.be/MnMifZoVVl8

How to Get a Freight Broker Bond?

Source: https://www.suretybonds.org/freight-broker-bonds
Description:
To become a freight broker you need a license, but before you get a license you need a fr...

Source: https://www.suretybonds.org/freight-broker-bonds
Description:
To become a freight broker you need a license, but before you get a license you need a freight broker bond. So what’s a freight broker bond and how do you obtain one?
Freight broker bonds are required by the Federal Motor Carrier Safety Administration to guarantee that freight brokers keep their contractual agreements with shippers and carriers. They are also known as a BMC-84 surety bond, trucking surety bond, and a transportation broker surety bond.
Freight broker bonds are meant to guarantee that shippers and motor carriers are compensated if the broker fails to comply with its contracts and agreements. For example, if a freight broker is delaying or refusing payment, the freight broker bond goes into effect and compensates the carrier.
Applying for a freight broker bond is simple, automated and can be done online. You can submit your online application with LanceSurety Bonds. Within minutes we will match you with the surety bond company which offers you the best quote.
To offer a rate, the surety bond company will require basic information regarding your company. It will also review the personal credit of the business owner. In certain cases, you can strengthen your application by submitting personal or business financial statements.
Credit score is reviewed by bonding companies as a way to assess a business owner’s ability to stay on top of their financial responsibilities. There is often a correlation between an owner’s credit and the likelihood of triggering a claim. If there is a claim against you, it is the surety bond company’s responsibility to financially compensate for all losses inflicted. Therefore, people with clean credit history are more likely to receive a bond.
But that doesn’t mean you can’t get bonded if you have bad credit history. You simply might have to pay a slightly higher price for a bond in order to compensate the surety for the additional risk.
The current full amount of a freight broker bond is $75,000. Of that, you only pay an annual premium, which is a small percentage of the $75K. Normally, applicants with clean credit history may pay between 2 and 5 percent. Freight brokers with damaged credit can see quotes between 5 and 13 percent.
Additional resources:
1. "The CompleteComplianceGuide for Freight Brokers" - Download our FREE e-book at https://goo.gl/boCVKv
2. If you want to calculate the cost of your freight broker bond, visit https://www.suretybonds.org/freight-broker-bond-cost
3. If you're thinking of starting a freight brokerage, here is Your Ultimate Infographic Guide: How to Become a Freight Broker - https://www.suretybonds.org/blog/how-to-become-a-freight-broker-ultimate-guide/
4. Wondering what makes a freight broker successful? Check out "How To Be A Successful Freight Broker" infographic at https://www.suretybonds.org/blog/how-to-be-a-successful-freight-broker-infographic/
5. If it's time to renew your freight broker bond, check out "The UltimateFreight Broker BondRenewal Guide" at https://www.suretybonds.org/blog/freight-broker-bond-renewal-guide/
6. For more information on bad credit surety bonds, visit http://www.suretybonds.org/bad-credit-surety-bonds
7. Want to learn more about how to lower your surety bond rate? Visit https://www.suretybonds.org/surety-bond-rates
8. If you need additional educational materials, here are the most recommended and authoritative freight broker training books: https://www.suretybonds.org/blog/4-top-freight-broker-training-books/
9. To get a FREE surety bond quote, apply online now: https://www.suretybonds.org/online-application

Source: https://www.suretybonds.org/freight-broker-bonds
Description:
To become a freight broker you need a license, but before you get a license you need a freight broker bond. So what’s a freight broker bond and how do you obtain one?
Freight broker bonds are required by the Federal Motor Carrier Safety Administration to guarantee that freight brokers keep their contractual agreements with shippers and carriers. They are also known as a BMC-84 surety bond, trucking surety bond, and a transportation broker surety bond.
Freight broker bonds are meant to guarantee that shippers and motor carriers are compensated if the broker fails to comply with its contracts and agreements. For example, if a freight broker is delaying or refusing payment, the freight broker bond goes into effect and compensates the carrier.
Applying for a freight broker bond is simple, automated and can be done online. You can submit your online application with LanceSurety Bonds. Within minutes we will match you with the surety bond company which offers you the best quote.
To offer a rate, the surety bond company will require basic information regarding your company. It will also review the personal credit of the business owner. In certain cases, you can strengthen your application by submitting personal or business financial statements.
Credit score is reviewed by bonding companies as a way to assess a business owner’s ability to stay on top of their financial responsibilities. There is often a correlation between an owner’s credit and the likelihood of triggering a claim. If there is a claim against you, it is the surety bond company’s responsibility to financially compensate for all losses inflicted. Therefore, people with clean credit history are more likely to receive a bond.
But that doesn’t mean you can’t get bonded if you have bad credit history. You simply might have to pay a slightly higher price for a bond in order to compensate the surety for the additional risk.
The current full amount of a freight broker bond is $75,000. Of that, you only pay an annual premium, which is a small percentage of the $75K. Normally, applicants with clean credit history may pay between 2 and 5 percent. Freight brokers with damaged credit can see quotes between 5 and 13 percent.
Additional resources:
1. "The CompleteComplianceGuide for Freight Brokers" - Download our FREE e-book at https://goo.gl/boCVKv
2. If you want to calculate the cost of your freight broker bond, visit https://www.suretybonds.org/freight-broker-bond-cost
3. If you're thinking of starting a freight brokerage, here is Your Ultimate Infographic Guide: How to Become a Freight Broker - https://www.suretybonds.org/blog/how-to-become-a-freight-broker-ultimate-guide/
4. Wondering what makes a freight broker successful? Check out "How To Be A Successful Freight Broker" infographic at https://www.suretybonds.org/blog/how-to-be-a-successful-freight-broker-infographic/
5. If it's time to renew your freight broker bond, check out "The UltimateFreight Broker BondRenewal Guide" at https://www.suretybonds.org/blog/freight-broker-bond-renewal-guide/
6. For more information on bad credit surety bonds, visit http://www.suretybonds.org/bad-credit-surety-bonds
7. Want to learn more about how to lower your surety bond rate? Visit https://www.suretybonds.org/surety-bond-rates
8. If you need additional educational materials, here are the most recommended and authoritative freight broker training books: https://www.suretybonds.org/blog/4-top-freight-broker-training-books/
9. To get a FREE surety bond quote, apply online now: https://www.suretybonds.org/online-application

The workflow of a SightLetter of Credit involves the Importer (Applicant), Issuing Bank, Advising Bank and Exporter (Beneficiary) in diagrams and animation.
Under the method of payment of DocumentaryCredit also known as Letter of Credit – we have 2 types which is Sight and Usance. This video specifically looks at How a Sight Letter of Credit works in International Trade.
This video is a step by step workflow of what happens after the Exporter and Importer have entered into a sales contract & the Importer applies for a Letter of Credit with the Issuing Bank. This video also addresses the definition of a Letter of Credit.
Letter of Credit (LC) is an undertaking of payment given by the Importer’s Bank to the Exporter for a specified sum provided the Exporter ships out the goods and present the required compliant documents by a predetermined deadline. Hence LC is a tool used to reduce the risk of non-payment and is a fundamental component of international trade. LC is governed by a set of guidelines called the UniformCustoms and Practice for Documentary Credits (UCP 600), which is issued by the International Chamber of Commerce.
What is important to note about Letter of Credit is strict compliance with documentary requirements. In the video, you will note that the Exporter needs to check the LC with the sales contract to see if the terms both documents match. As well as the Advising Bank (Nominated Bank) & Issuing Bank have to check the documents forwarded by the Exporter that it complies with the LC.
This video is designed to provide those operating within International Trade: Exporters, Importers, Bankers & Insurers, Freight forwarders and Carriers an opportunity to broaden their understanding of Sight Letter of Credit in International Trade.
--
► Subscribe to my Channel https://www.youtube.com/c/TradelinksResources
► Follow My Website: https://tradelinks.com.my/
--
This video was produced by
1. Mr. Billy Fong Goon Poy, ACIB, MITD, MasterTrainer
2. Ms Sook Ling, OnlineContentCreator
Tradelinks Resources conducts public training programs for the following International Trade courses in Malaysia
1. Incoterms 2010
2. Letters of Credit
3. Bills of Lading - Correct Preparation To Avoid Rejection by Banks

The workflow of a SightLetter of Credit involves the Importer (Applicant), Issuing Bank, Advising Bank and Exporter (Beneficiary) in diagrams and animation.
Under the method of payment of DocumentaryCredit also known as Letter of Credit – we have 2 types which is Sight and Usance. This video specifically looks at How a Sight Letter of Credit works in International Trade.
This video is a step by step workflow of what happens after the Exporter and Importer have entered into a sales contract & the Importer applies for a Letter of Credit with the Issuing Bank. This video also addresses the definition of a Letter of Credit.
Letter of Credit (LC) is an undertaking of payment given by the Importer’s Bank to the Exporter for a specified sum provided the Exporter ships out the goods and present the required compliant documents by a predetermined deadline. Hence LC is a tool used to reduce the risk of non-payment and is a fundamental component of international trade. LC is governed by a set of guidelines called the UniformCustoms and Practice for Documentary Credits (UCP 600), which is issued by the International Chamber of Commerce.
What is important to note about Letter of Credit is strict compliance with documentary requirements. In the video, you will note that the Exporter needs to check the LC with the sales contract to see if the terms both documents match. As well as the Advising Bank (Nominated Bank) & Issuing Bank have to check the documents forwarded by the Exporter that it complies with the LC.
This video is designed to provide those operating within International Trade: Exporters, Importers, Bankers & Insurers, Freight forwarders and Carriers an opportunity to broaden their understanding of Sight Letter of Credit in International Trade.
--
► Subscribe to my Channel https://www.youtube.com/c/TradelinksResources
► Follow My Website: https://tradelinks.com.my/
--
This video was produced by
1. Mr. Billy Fong Goon Poy, ACIB, MITD, MasterTrainer
2. Ms Sook Ling, OnlineContentCreator
Tradelinks Resources conducts public training programs for the following International Trade courses in Malaysia
1. Incoterms 2010
2. Letters of Credit
3. Bills of Lading - Correct Preparation To Avoid Rejection by Banks

IDEALBrokerTraining (www.IDEALbrokertraining.com) is the premier freight broker training service and has been training people from across the U.S. and Canada for more than 10 years to become successful freight brokers and/or freight broker agents.
There are many other companies that offer programs ranging in price from $99 to $6,000 and they all claim to be the best, and make many promises to you to get your to buy their products, but ONLY IDEAL offers backs up our claim by providing our clients with the "IDEAL MONEYBACK GUARANTEE"...
So don't settle for less. There may be many other products out there, but there is only one company that is known as the 'IDEAL' Broker Training company.
Call us today at: 985-276-3916 or visit us online at www.IDEALbrokertraining.com
T

IDEALBrokerTraining (www.IDEALbrokertraining.com) is the premier freight broker training service and has been training people from across the U.S. and Canada for more than 10 years to become successful freight brokers and/or freight broker agents.
There are many other companies that offer programs ranging in price from $99 to $6,000 and they all claim to be the best, and make many promises to you to get your to buy their products, but ONLY IDEAL offers backs up our claim by providing our clients with the "IDEAL MONEYBACK GUARANTEE"...
So don't settle for less. There may be many other products out there, but there is only one company that is known as the 'IDEAL' Broker Training company.
Call us today at: 985-276-3916 or visit us online at www.IDEALbrokertraining.com
T

Shipping Guarantee

-- Created using PowToon -- Freesign up at http://www.powtoon.com/join -- Create animated videos and animated presentations for free. PowToon is a free tool t...

-- Created using PowToon -- Freesign up at http://www.powtoon.com/join -- Create animated videos and animated presentations for free. PowToon is a free tool that allows you to develop cool animated clips and animated presentations for your website, office meeting, sales pitch, nonprofit fundraiser, product launch, video resume, or anything else you could use an animated explainer video. PowToon's animation templates help you create animated presentations and animated explainer videos from scratch. Anyone can produce awesome animations quickly with PowToon, without the cost or hassle other professional animation services require.

-- Created using PowToon -- Freesign up at http://www.powtoon.com/join -- Create animated videos and animated presentations for free. PowToon is a free tool that allows you to develop cool animated clips and animated presentations for your website, office meeting, sales pitch, nonprofit fundraiser, product launch, video resume, or anything else you could use an animated explainer video. PowToon's animation templates help you create animated presentations and animated explainer videos from scratch. Anyone can produce awesome animations quickly with PowToon, without the cost or hassle other professional animation services require.

http://www.learnonline2u.net
Tutorial on Letter of Credits (LC) for students studying International Trade and Finance by H.W. Nawawi a former banker (Facilitator and lecturer).
Tutorial 1
http://youtu.be/72Q5EzZwMBo
Tutorial 3
http://youtu.be/zDlpgDNIE7U
http://youtu.be/kCo1tjAx7Uk

http://www.learnonline2u.net
Tutorial on Letter of Credits (LC) for students studying International Trade and Finance by H.W. Nawawi a former banker (Facilitator and lecturer).
Tutorial 1
http://youtu.be/72Q5EzZwMBo
Tutorial 3
http://youtu.be/zDlpgDNIE7U
http://youtu.be/kCo1tjAx7Uk

What is LETTER OF CREDIT? What does LETTER OF CREDIT mean? LETTER OF CREDIT meaning & explanation

What is LETTER OF CREDIT? What does LETTER OF CREDIT mean? LETTER OF CREDIT meaning - LETTER OF CREDIT definition - LETTER OF CREDIT explanation.
Source: Wikip...

What is LETTER OF CREDIT? What does LETTER OF CREDIT mean? LETTER OF CREDIT meaning - LETTER OF CREDIT definition - LETTER OF CREDIT explanation.
Source: Wikipedia.org article, adapted under https://creativecommons.org/licenses/by-sa/3.0/ license.
In modern business practice, a letter of credit is a written undertaking from a bank to pay a beneficiary against the delivery of a specified set of documents.
A letter of credit is a method of payment, considered less secure than payment in advance but more secure than documentary collections and open account from the seller's point of view. From the buyer's point of view it offers more security than payment in advance but less security than documentary collections or open account terms.
However, it is generally considered that Letters of Credit (otherwise known as "DocumentaryCredits") offer a good balance of security between the buyer and the seller, because both the buyer and seller rely upon the security of banks and the banking system to ensure that payment is received and goods are provided. In a Letter of Credit transaction the goods are consigned to the order of the issuing bank, meaning that the bank will not release control of the goods until the buyer has either paid or undertaken to pay the bank for the documents.
In the event that the buyer is unable to make payment on the purchase, the seller may make a demand for payment on the bank. The bank will examine the beneficiary's demand and if it complies with the terms of the letter of credit, will honor the demand. Most letters of credit are governed by rules promulgated by the International Chamber of Commerce known as UniformCustoms and Practice for Documentary Credits. The current version, UCP600, became effective July 1, 2007.
The name "letter of credit" derives from the French word "accréditation", a power to do something, which derives from the Latin "accreditivus", meaning trust.
After a sales contract has been negotiated and letter of credit has been agreed upon as the method of payment, the Applicant will contact a bank to ask for a letter of credit to be issued, and once the issuing bank has ascertained that the Applicant will be able to pay for the goods it will issue the letter of credit. Once the Beneficiary receives the letter of credit it will check the terms to ensure that it matches with the contract, and will either arrange for shipment of the goods or ask for an amendment to the letter of credit so that it meets with the terms of the contract. The letter of credit is limited by time, in terms of the validity of the credit, the latest date of shipment, and in terms of how long after shipment the documents may be presented to the Nominated Bank.
Once the goods have been shipped, the Beneficiary will present the set of requested documents to the Nominated Bank. This bank will check the documents, and if they comply with the terms of the Letter of Credit the Issuing Bank is bound to honour the terms of the letter of credit by paying the Beneficiary.
If the documents do not comply with the terms of the letter of credit they are considered Discrepant. At this point the Nominated Bank will inform the Beneficiary of the discrepancy and offer a number of options depending on the circumstances. If the discrepancies are minor it may be possible to present corrected documents to the bank to make the presentation compliant. Documents presented after the time limits mentioned in the credit are also considered discrepant.
If corrected documents cannot be supplied in time the documents may be forwarded to the issuing bank "in trust"; effectively in the hope that the Applicant will accept the documents. Documents forwarded in trust remove the payment security of a letter of credit so this route must only be used as a last resort.
Some banks will offer to "Telex for Approval" or similar. This is where the Nominated Bank holds the documents, but sends a message to the Issuing Bank to accept the discrepancies. This is more secure than sending documents in trust.

What is LETTER OF CREDIT? What does LETTER OF CREDIT mean? LETTER OF CREDIT meaning - LETTER OF CREDIT definition - LETTER OF CREDIT explanation.
Source: Wikipedia.org article, adapted under https://creativecommons.org/licenses/by-sa/3.0/ license.
In modern business practice, a letter of credit is a written undertaking from a bank to pay a beneficiary against the delivery of a specified set of documents.
A letter of credit is a method of payment, considered less secure than payment in advance but more secure than documentary collections and open account from the seller's point of view. From the buyer's point of view it offers more security than payment in advance but less security than documentary collections or open account terms.
However, it is generally considered that Letters of Credit (otherwise known as "DocumentaryCredits") offer a good balance of security between the buyer and the seller, because both the buyer and seller rely upon the security of banks and the banking system to ensure that payment is received and goods are provided. In a Letter of Credit transaction the goods are consigned to the order of the issuing bank, meaning that the bank will not release control of the goods until the buyer has either paid or undertaken to pay the bank for the documents.
In the event that the buyer is unable to make payment on the purchase, the seller may make a demand for payment on the bank. The bank will examine the beneficiary's demand and if it complies with the terms of the letter of credit, will honor the demand. Most letters of credit are governed by rules promulgated by the International Chamber of Commerce known as UniformCustoms and Practice for Documentary Credits. The current version, UCP600, became effective July 1, 2007.
The name "letter of credit" derives from the French word "accréditation", a power to do something, which derives from the Latin "accreditivus", meaning trust.
After a sales contract has been negotiated and letter of credit has been agreed upon as the method of payment, the Applicant will contact a bank to ask for a letter of credit to be issued, and once the issuing bank has ascertained that the Applicant will be able to pay for the goods it will issue the letter of credit. Once the Beneficiary receives the letter of credit it will check the terms to ensure that it matches with the contract, and will either arrange for shipment of the goods or ask for an amendment to the letter of credit so that it meets with the terms of the contract. The letter of credit is limited by time, in terms of the validity of the credit, the latest date of shipment, and in terms of how long after shipment the documents may be presented to the Nominated Bank.
Once the goods have been shipped, the Beneficiary will present the set of requested documents to the Nominated Bank. This bank will check the documents, and if they comply with the terms of the Letter of Credit the Issuing Bank is bound to honour the terms of the letter of credit by paying the Beneficiary.
If the documents do not comply with the terms of the letter of credit they are considered Discrepant. At this point the Nominated Bank will inform the Beneficiary of the discrepancy and offer a number of options depending on the circumstances. If the discrepancies are minor it may be possible to present corrected documents to the bank to make the presentation compliant. Documents presented after the time limits mentioned in the credit are also considered discrepant.
If corrected documents cannot be supplied in time the documents may be forwarded to the issuing bank "in trust"; effectively in the hope that the Applicant will accept the documents. Documents forwarded in trust remove the payment security of a letter of credit so this route must only be used as a last resort.
Some banks will offer to "Telex for Approval" or similar. This is where the Nominated Bank holds the documents, but sends a message to the Issuing Bank to accept the discrepancies. This is more secure than sending documents in trust.

published:11 Mar 2017

views:3618

back

The Credit Corrector - Expert, Full Service Credit Repair - Broker Back Office

www.CorrectedCredit.com A quick video on what is available in the broker back office and how to navigate the back office. It is available 24-7 and allows a br...

www.CorrectedCredit.com A quick video on what is available in the broker back office and how to navigate the back office. It is available 24-7 and allows a broker to maintain their account, add new leads, check client status, and add referral partners.
Expert, Full ServiceCredit Repair with Written Guarantee! ExcellentReferralProgram. Create and monitor sales teams, referrals, usage and client repairs 24/7.

www.CorrectedCredit.com A quick video on what is available in the broker back office and how to navigate the back office. It is available 24-7 and allows a broker to maintain their account, add new leads, check client status, and add referral partners.
Expert, Full ServiceCredit Repair with Written Guarantee! ExcellentReferralProgram. Create and monitor sales teams, referrals, usage and client repairs 24/7.

Transgistics Inc.

Were you hired to deliver freight on behalf of Transgistics Inc? Did the broker using MC 998734 pay you for your services? Located out of 300Cadman Plaza West...

Were you hired to deliver freight on behalf of Transgistics Inc? Did the broker using MC 998734 pay you for your services? Located out of 300Cadman Plaza West One PierrePointPlaza 12th Floor, Brooklyn, NY 11201, this company provides 347-293-0908, 718-269-8436, and 917-338-0587 as contact phone numbers. If you've had trouble reaching out to Transgistics Inc about unpaid freight bills, call Bill at 662-258-1948 right now!
Disclaimer - BaxterBailey is not a commercial credit reporting or a scoring agent and simply provides information based upon the number of debt assignments received from motor carriers. Baxter Bailey makes no guarantee that the information reported to it from third-parties is accurate. Baxter Bailey & Associates or affiliates assume no part of the user's business risk, and does not guarantee the accuracy of timeliness of the information provided in this e-mail.
This Alert is furnished as one factor to consider in connection with credit or other business decisions. We encourage all carriers perform the necessary due diligence, before entering into any transaction with any company requesting credit.

Were you hired to deliver freight on behalf of Transgistics Inc? Did the broker using MC 998734 pay you for your services? Located out of 300Cadman Plaza West One PierrePointPlaza 12th Floor, Brooklyn, NY 11201, this company provides 347-293-0908, 718-269-8436, and 917-338-0587 as contact phone numbers. If you've had trouble reaching out to Transgistics Inc about unpaid freight bills, call Bill at 662-258-1948 right now!
Disclaimer - BaxterBailey is not a commercial credit reporting or a scoring agent and simply provides information based upon the number of debt assignments received from motor carriers. Baxter Bailey makes no guarantee that the information reported to it from third-parties is accurate. Baxter Bailey & Associates or affiliates assume no part of the user's business risk, and does not guarantee the accuracy of timeliness of the information provided in this e-mail.
This Alert is furnished as one factor to consider in connection with credit or other business decisions. We encourage all carriers perform the necessary due diligence, before entering into any transaction with any company requesting credit.

HOW TO BUILD CREDIT FOR YOUR TRUCKING BUSINESS

monteiroronie@gmail.com
THIS IS THE INTERVIEW WE DID WITH THEM
https://www.youtube.com/watch?v=z67MrRuLLgo&t=1305s
--------------------------------------------...

monteiroronie@gmail.com
THIS IS THE INTERVIEW WE DID WITH THEM
https://www.youtube.com/watch?v=z67MrRuLLgo&t=1305s
------------------------------------------------------------------------------
First of i want to say thanx to you for all that you do for the community. I carefully listen to all your videos. There are a lot of truckers on youtube, but few provide real usable info like you do. I started cdl school on monday mostly bc of you and golden child. I got a killer deal on a kw that i am working on. I am comming straight out the gate as an owner opp which is not really common but said fuck it lets do it. I have some o.g. guidance thought. But anyways regarding the credit its simple all i need is a copy of their license social a bill for proof of residence and about 3 months. I normally charge 500 for songle and 800 for couples, but for your viewers i ll take care of them for 299.99. Trust me they ll be driving their own trucks by the summer with reasonable payments and not rediculous leases with stupid ballons. Any viewers come to you with ownership questions sent them my wa y if they are looking to finance, i ll give them a free credit eval. Call or email with any questions
Ronie MonteiroASK TUNE A QUESTION 1YBETV@GMAIL.COM

monteiroronie@gmail.com
THIS IS THE INTERVIEW WE DID WITH THEM
https://www.youtube.com/watch?v=z67MrRuLLgo&t=1305s
------------------------------------------------------------------------------
First of i want to say thanx to you for all that you do for the community. I carefully listen to all your videos. There are a lot of truckers on youtube, but few provide real usable info like you do. I started cdl school on monday mostly bc of you and golden child. I got a killer deal on a kw that i am working on. I am comming straight out the gate as an owner opp which is not really common but said fuck it lets do it. I have some o.g. guidance thought. But anyways regarding the credit its simple all i need is a copy of their license social a bill for proof of residence and about 3 months. I normally charge 500 for songle and 800 for couples, but for your viewers i ll take care of them for 299.99. Trust me they ll be driving their own trucks by the summer with reasonable payments and not rediculous leases with stupid ballons. Any viewers come to you with ownership questions sent them my wa y if they are looking to finance, i ll give them a free credit eval. Call or email with any questions
Ronie MonteiroASK TUNE A QUESTION 1YBETV@GMAIL.COM

Case - Explain Complete concept of Letter of Credit with RealExample !
Story - By Amlan ----Contribution's by Runold Fernandes .
I am wanting to buy coke bottles from Coa Cola USA.....so evidently , i am the buyer
Alway's remember that the receive of the payment (seller ) is termed the beneficiary .....so here Coca Cola USA is the benefeciary ....
Let's also understand what is a letter of credit ....it is credit ( payment offered ) against documents and so also called documentary credit .... amechanism wherein the seller of the goods is assured of his payment because the buyer's bank take's guarantee to make the payment ...the seller is not concerned whether the buyer goes bankrupt or not
So , in this case my bank is SBI , Cuffe parade ....this is called the issuing bank ....say , i want to buy 100 crates Coke bottles worth 10 million dollars .....i go and ask the bank to open a letter of credit (the process is called issuing letter of credit ) favoring the bebenficiary and the beneficiary bank as follows
Beneficiary - Coca Cola Ltd
Beneciary Bank - Citi Bank -Los Angeles
Coca Cola Lts had already intimated me that he bank he desires for his payment to be credited shall be Citi Bank (Los Angeles ).....
Case 1 -
In present arrangement , SBI Cuffe parade is the issuing bank , Citi Bank Los anageles is the Bneficiary bank
Once the LC is opened , SBI sends across the letter of credit to the advising bank which then advises Coca Cola that the LC has come and asks for the documents
Say , Coca Cola ships the Material on 16Th May ....he gets the bill of lading and collects all the other documents like the invoice , ciountry of origin , Test certificate , inspection certicate ads mentioned in the LC and makes a presentation of the documents to the advising bank ( not neccesary that documents are to be submitted to the advising bank )
The bank ( in this case ----Citi Bank checkls the documents ...if it finds any discrepancy , it lets know to the seller( Coca Cola ) of the discrepancy ...say test certificate was missing , it lets Coca cola know of the same ...Coca cola then furnishes the remaining document...once the advising bank is satisfied that all documents are in order , it sends the documents to the issuing bank (SBI , cuffe parade )
If SBI , cuffe parade also finds that the docs are in order , then since it has taken guarantee for payment , it will have to make payment for the issued LC i.e pay the advising bank 2000 $ against the docs collected
It then contacts me (buyer ) that all the docs are with it and asks me to make payment and collect the documents
( Sometimes while issuing the letter of credit , the bank blocks that much fund from my account and when the docs arrive debits my account and sends across the documents )
Using the Bill of lading document) document, i go to the Mumbai port to get my shipment released upon subsequent payment of Import duty for the coke trenches
That's it
The basics are clear ,
Hope You enjoyed ,
Cheers ,
Amlan

Case - Explain Complete concept of Letter of Credit with RealExample !
Story - By Amlan ----Contribution's by Runold Fernandes .
I am wanting to buy coke bottles from Coa Cola USA.....so evidently , i am the buyer
Alway's remember that the receive of the payment (seller ) is termed the beneficiary .....so here Coca Cola USA is the benefeciary ....
Let's also understand what is a letter of credit ....it is credit ( payment offered ) against documents and so also called documentary credit .... amechanism wherein the seller of the goods is assured of his payment because the buyer's bank take's guarantee to make the payment ...the seller is not concerned whether the buyer goes bankrupt or not
So , in this case my bank is SBI , Cuffe parade ....this is called the issuing bank ....say , i want to buy 100 crates Coke bottles worth 10 million dollars .....i go and ask the bank to open a letter of credit (the process is called issuing letter of credit ) favoring the bebenficiary and the beneficiary bank as follows
Beneficiary - Coca Cola Ltd
Beneciary Bank - Citi Bank -Los Angeles
Coca Cola Lts had already intimated me that he bank he desires for his payment to be credited shall be Citi Bank (Los Angeles ).....
Case 1 -
In present arrangement , SBI Cuffe parade is the issuing bank , Citi Bank Los anageles is the Bneficiary bank
Once the LC is opened , SBI sends across the letter of credit to the advising bank which then advises Coca Cola that the LC has come and asks for the documents
Say , Coca Cola ships the Material on 16Th May ....he gets the bill of lading and collects all the other documents like the invoice , ciountry of origin , Test certificate , inspection certicate ads mentioned in the LC and makes a presentation of the documents to the advising bank ( not neccesary that documents are to be submitted to the advising bank )
The bank ( in this case ----Citi Bank checkls the documents ...if it finds any discrepancy , it lets know to the seller( Coca Cola ) of the discrepancy ...say test certificate was missing , it lets Coca cola know of the same ...Coca cola then furnishes the remaining document...once the advising bank is satisfied that all documents are in order , it sends the documents to the issuing bank (SBI , cuffe parade )
If SBI , cuffe parade also finds that the docs are in order , then since it has taken guarantee for payment , it will have to make payment for the issued LC i.e pay the advising bank 2000 $ against the docs collected
It then contacts me (buyer ) that all the docs are with it and asks me to make payment and collect the documents
( Sometimes while issuing the letter of credit , the bank blocks that much fund from my account and when the docs arrive debits my account and sends across the documents )
Using the Bill of lading document) document, i go to the Mumbai port to get my shipment released upon subsequent payment of Import duty for the coke trenches
That's it
The basics are clear ,
Hope You enjoyed ,
Cheers ,
Amlan

You are invited to attend our breakfast launch at the NovotelBrighton Beach, Sydney on Tuesday 28 October 2014 - refer to the FeatureEvent at www.FTAlliance.com.au
PROVISION OF CREDIT
In a highly competitive market, importers increasingly have an expectation that their service providers (customs brokers and freight forwarders) will act as pseudo bankers to finance freight, duty, GST and import processing fees for 30+ days.
In light of the latest CPA Australia audit report, the provision of credit without appropriate safeguards, is clearly an extremely high risk practice for service providers.
CPA chief executive Alex Malley said the extraordinary findings of the report were a sobering reminder of the fragility of the Australian economy and the challenges many businesses face with nearly one third of all ASX listed companies, including more than half of the bottom 500, facing serious financial uncertainty.
FTA ADVOCACY
In support of your business we are tackling the credit risk issue through emerging border reforms and the introduction of commercial solutions.
Above and beyond our involvement in the Trusted Trader Programme, our efforts are aimed at supporting the ACBPS in developing improved risk assessment methodologies by advocating that direct EFT payments be made by importers to reduce identity fraud issues – for further detail please click HERE.
In parallel to these efforts, we have formed an important alliance with Coface, a worldwide leader in credit insurance offering companies around the globe solutions for trade receivables management.
Whilst credit insurance is commercially available on a bespoke basis, feedback that we have received is that high premiums are commonly seen as making this solution cost prohibitive.
That is where our alliance with Coface comes into play.
PROGRAM LAUNCHBased on the overwhelmingly positive feedback for this initiative discussed at our recent CPD – BorderComplianceProgram in Melbourne and Sydney, we are excited to announce that we will be launching the FTA Credit Insurance Program effective during Q1 2015.
Using the bulk buying power of our growing subscriber base, our program we will reduce premiums for a collective group of businesses and importantly will assist FTA subscribers in completing due diligence on current and potential clients to make sure that they are solvent.

You are invited to attend our breakfast launch at the NovotelBrighton Beach, Sydney on Tuesday 28 October 2014 - refer to the FeatureEvent at www.FTAlliance.com.au
PROVISION OF CREDIT
In a highly competitive market, importers increasingly have an expectation that their service providers (customs brokers and freight forwarders) will act as pseudo bankers to finance freight, duty, GST and import processing fees for 30+ days.
In light of the latest CPA Australia audit report, the provision of credit without appropriate safeguards, is clearly an extremely high risk practice for service providers.
CPA chief executive Alex Malley said the extraordinary findings of the report were a sobering reminder of the fragility of the Australian economy and the challenges many businesses face with nearly one third of all ASX listed companies, including more than half of the bottom 500, facing serious financial uncertainty.
FTA ADVOCACY
In support of your business we are tackling the credit risk issue through emerging border reforms and the introduction of commercial solutions.
Above and beyond our involvement in the Trusted Trader Programme, our efforts are aimed at supporting the ACBPS in developing improved risk assessment methodologies by advocating that direct EFT payments be made by importers to reduce identity fraud issues – for further detail please click HERE.
In parallel to these efforts, we have formed an important alliance with Coface, a worldwide leader in credit insurance offering companies around the globe solutions for trade receivables management.
Whilst credit insurance is commercially available on a bespoke basis, feedback that we have received is that high premiums are commonly seen as making this solution cost prohibitive.
That is where our alliance with Coface comes into play.
PROGRAM LAUNCHBased on the overwhelmingly positive feedback for this initiative discussed at our recent CPD – BorderComplianceProgram in Melbourne and Sydney, we are excited to announce that we will be launching the FTA Credit Insurance Program effective during Q1 2015.
Using the bulk buying power of our growing subscriber base, our program we will reduce premiums for a collective group of businesses and importantly will assist FTA subscribers in completing due diligence on current and potential clients to make sure that they are solvent.

Business Credit Ty Crandall

Important details about BusinessCredit by Ty Crandall. Check out this short video to learn more about the power of business credit.Business Credit… In this 5 m...

Important details about BusinessCredit by Ty Crandall. Check out this short video to learn more about the power of business credit.Business Credit… In this 5 minute video You’ll Discover Exactly How to BuildYour Business Credit… To Get Credit with No Personal Guarantee or Credit Check
90% of the business population knows nothing about business credit per Entrepreneur.com.
In this 30 minute webinar you’ll learn everything you’ll need to know to establish business credit for your business, quickly, easily, and with little effort.
During this even you’ll discover:
The 3 types of credit that every business has… and how you can insure your three credit types are all lendable
How the bank credit system works… a must know because ALL business loans you apply with take into account your bank credit score
What business credit is and how it really works
6 business credit benefits that most business owners don’t know about… and how these can be a game changer for you and your business
The differences between how business credit and consumer credit are built… you’ll be amazed at how similar consumer and business credit really are
3 things you must do to have established business credit
Why most people don’t know about business credit… and how any business can build it
4 steps to building business credit… you must follow these 4 steps to get approved
How to make sure your business is credible in the lender’s eyes… so you’ll know you can get approved before you even apply
How to pass the “credibility test” that all lenders and credit issuers use
6 items you must have to get approved for business credit
3 types of business credit… and the type you MUST start with to get approved, not denied
4 actual business credit sources who will approve any business for new credit
How to get revolving store and cash credit for your business… without a personal guarantee or credit check
14 revolving store credit cards you can get with no guarantee or credit check
3 BIG mistakes people make when building business credit that cause them to fail… and how you can succeed
And much more
This is the first time EVER I’ve condensed this much information into this short of an event. So block off 30 minutes of your day for a ton of valuable details that can help you raise your business to a whole other level this year! Do you want money for your business? Get approved at this link http://www.creditsuite.com/getfunding
July 18, 2015 by, Ty Crandall Credit Suite

Important details about BusinessCredit by Ty Crandall. Check out this short video to learn more about the power of business credit.Business Credit… In this 5 minute video You’ll Discover Exactly How to BuildYour Business Credit… To Get Credit with No Personal Guarantee or Credit Check
90% of the business population knows nothing about business credit per Entrepreneur.com.
In this 30 minute webinar you’ll learn everything you’ll need to know to establish business credit for your business, quickly, easily, and with little effort.
During this even you’ll discover:
The 3 types of credit that every business has… and how you can insure your three credit types are all lendable
How the bank credit system works… a must know because ALL business loans you apply with take into account your bank credit score
What business credit is and how it really works
6 business credit benefits that most business owners don’t know about… and how these can be a game changer for you and your business
The differences between how business credit and consumer credit are built… you’ll be amazed at how similar consumer and business credit really are
3 things you must do to have established business credit
Why most people don’t know about business credit… and how any business can build it
4 steps to building business credit… you must follow these 4 steps to get approved
How to make sure your business is credible in the lender’s eyes… so you’ll know you can get approved before you even apply
How to pass the “credibility test” that all lenders and credit issuers use
6 items you must have to get approved for business credit
3 types of business credit… and the type you MUST start with to get approved, not denied
4 actual business credit sources who will approve any business for new credit
How to get revolving store and cash credit for your business… without a personal guarantee or credit check
14 revolving store credit cards you can get with no guarantee or credit check
3 BIG mistakes people make when building business credit that cause them to fail… and how you can succeed
And much more
This is the first time EVER I’ve condensed this much information into this short of an event. So block off 30 minutes of your day for a ton of valuable details that can help you raise your business to a whole other level this year! Do you want money for your business? Get approved at this link http://www.creditsuite.com/getfunding
July 18, 2015 by, Ty Crandall Credit Suite

Letter of Credit Basics

I got over $30,000 in business credit without my S.S.N

ESTABLISH BUSINESS CREDIT WITH TUNE GOODWINS FIRSTONLINECLASS BUSINESS 101 https://www.ybetv.org/course
WATCH "TALKIN WITH TUNECHI " HOSTED BY TUNE GOODWIN EVERY SUNDAY AT 6:45 PM EST. YOU CAN WWATCH IT HERE ON YOUTUBE &FACEBOOK
TUNE GOODWIN FACEBOOK STREAM WILL BE ON THROUGH THIS LINK
https://www.facebook.com/TuneG49
NEED ADVICE ? EMAIL US YOUR QUESTION AND TUNE WILL RESPOND TO IT WITH A VIDEO - 1YBETV@GMAIL.COM
HOW TO CREATE LOGICAL GOALS FOR YOURSELF AND YOUR VISION BOARD {Q&A)
https://www.youtube.com/watch?v=mJsIsVGhzew&t=18s
JOIN US LIVE ON FACEBOOK LIVE EVERY SUNDAY .FollowTune on his facebook page to be notified.
https://www.facebook.com/TuneG49
This channel is hosted by Tune Goodwin as an extension of the YBETV brand. Y.B.E.T.V is short for young bla...

published: 04 Feb 2018

How to Become an Independent Loan Broker - David Allen Capital Overview

Become a Loan Agent, No License, Work from Home.
Earn BigDollars By HelpingBusiness Owners Get Cash!
LEARN MORE: https://youngevityservices.com/#101220379 (click “opportunity”)
WHAT IS IT?
1. A Business Needs a ShortTerm Loan.
2. You Introduce them to a DAC Loan.
3. We at DAC find the best loan for them.
Our Lenders Love To Loan Money To Business Owners
Why Become A Small Business Loan Agent With DAC?!
1. Work from home
2. Flexible schedule (full-time or part-time)
3. The market for small business loans is booming
4. Businesses have growth opportunities but can't get money from the "big banks"
5. No licensing requirements to slow you down
6. More approvals - Our top-tiered lenders have less stringent criteria than big banks
7. Quick approvals (1 business day) and fast funding (soon a...

published: 13 Feb 2017

How To Sell On Amazon FBA For Beginners | The Complete A-Z Tutorial (2018)

If you're looking to launch your own business by selling physical products on Amazon in 2018, then you need to watch this complete guide on how to sell on Amazon for beginners and beyond.
In less than 1 hour you'll gain the knowledge required and a complete FBA overview in order to successfully launch and scale an Amazon private label business. This proven process we are sharing with you can be transferred to any Amazon marketplace, so whether you want to sell on Amazon.com or outside of the USA, we've got you covered!
After this useful Amazon FBA step by step tutorial, you will be set to build your life of financial freedom!
NEXTSTEPSBLOG How Much MoneyDo INeed To Sell On Amazon? The FBA Guide – JungleScout - http://bit.ly/2vGZmAh
0:08 Why sell on Amazon?
1:14 PRODUCT RESEAR...

published: 09 Aug 2017

An Amazon Success Story - $0 to $500K per Month!

Listen to this real and inspiring Amazon success story where you will learn how a single mom went from struggling to make ends meet to creating her very own physical products empire on Amazon.
Get the free training series + 100 hot Amazon product opportunities FREE...
https://www.amazingsellingmachine.com/video-series
LET'S CONNECT SOCIALLY...
- Subscribe to our YouTube channel:https://www.youtube.com/c/amazingacademy
- Check out our website at: http://www.amazing.com
- Like us on Facebook: https://www.facebook.com/amazingcom
- Follow us on Twitter: https://twitter.com/Amazingdot_com
- Find us on LinkedIn: https://www.linkedin.com/company/amazingcom
- Check us out on Instagram: https://www.instagram.com/amazing_dotcom/
- Friend us on Google+: https://plus.google.com/+Amazingacademy
#am...

published: 01 Feb 2018

HOW TO START TRUCKING COMPANY TRUCKING BUSINESS MAKE MONEY AS OWNER OPERATOR

https://goo.gl/ujc1hG, https://goo.gl/Xx7D5i 1-888-883-3013
LEARN HOW TO START TRUCKING COMPANY TRUCKING BUSINESS MAKEMONEY AS OWNER OPERATOR
Lets do the math as a owner: part 2 golden child is answering questions from a concerned subscriber regarding owner operator pay.
It will help to ensure that your owner operator business will be successful.
Becoming an owner operator - 7 things every new owner operator needs to know.
2018 389 peterbilt stand up sleeper 2-tone owner operator spec bad boy!
15 must-know tips when considering becoming a leased owner operator ..
How to become a owner operator in trucking 2016 (in depth).
Trucking: buying first truck as a owner operator.
Owner operator- own authority vs lease so far.
Schneider national owner operator program...Owner operator - don't m...

: In this webinar, you will learn about Ex-Im Bank’s Working Capital Guarantee Program and the GlobalCreditExpress direct loan pilot program from experienced trade finance professionals who will clearly explain the benefits of both programs. You will learn about the working capital loan guarantee to fulfill your export orders, how exporters can turn export-related inventory into cash, the support you can obtain for posting bid and performance bonds, and the support you can obtain to fund your business’ export development activities. For more: http://www.export.gov/webinars/eg_main_077321.asp
May 13, 2014

published: 05 Jan 2015

HOW TO ANALYZE PEOPLE ON SIGHT - FULL AudioBook - Human Analysis, Psychology, Body Language

How To Analyze People On Sight - FULL Audio Book - by Elsie Lincoln Benedict & RalphPain Benedict - HumanAnalysis, Psychology, Body Language - In this popular American book from the 1920s, "self-help" author Elsie Lincoln Benedict makes pseudo-scientific claims of Human Analysis, proposing that all humans fit into specific five sub-types. Supposedly based on evolutionary theory, it is claimed that distinctive traits can be foretold through analysis of outward appearance. While not considered to be a serious work by the scientific community, "How To Analyze People On Sight" makes for an entertaining read.
.
► Follow Us On TWITTER:
https://www.twitter.com/GAudioBooks
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http://www.Facebook.com/GreatestAudioBooks
► For FREESPECIAL AUDIOBOOK OFFERS & MORE:
http://w...

Webinar: 5 Steps to Building Business Credit

In this webinar hosted by SBA and Dun and Bradstreet Credibility Corp., you will learn how to build your business credit in five steps.

published: 22 May 2014

Best Practices in Trade Finance

This video will overview some best practices in international trade transactions.

published: 19 Aug 2014

7 Figure Cycle Webinar - $5.4 Million Dollars with FREE Traffic

Join 7 FigureCycle Now! - http://the7figurecyclereview.com/start/
FREEGIFT - http://www.7figurecycle.com/gift
GET $250 DISCOUNT ON 7 FIGURE CYCLE HERE -
http://the7figurecyclereview.com/
- How to create a cash-flow positive business in just 30 days with NO website, NO Ads and ZERO customer support.
- Our secret weapon that identifies weird but highly profitable products that most sellers IGNORE!
- How we tapped into the MOTHERLOAD of free traffic to generate 867,966 visitors to our offers in just ONE month!
- The 15-Day "Compounding Cycle" that snowballs your first dollar into a MONSTER income FAST!
- How one "test-student" used this Cycle to generate an astonishing $3,045,814 in 1 year (you'll see PROOF)
- How literally ANYONE can copy this system to build an ever-growing ...

published: 23 Jan 2018

1200 Most Useful English Sentences - 1200 Useful Phrases in English - 1200 Common English Phrases ✔

English tivi is a free Channel for English learners.
You will find free learn english through story. Thousands of English Videos are waiting for you. They will help you learn English.
☞ Thanks for watching!
☞ Please subcribe, like and share if you enjoyed the video :) thanks so much ♥
https://goo.gl/b9XRzY
Google+ : https://goo.gl/291RaJ
Website: https://englishtivi.blogspot.com/
Fanfage: https://www.facebook.com/Englishtivi
Thank you for watching, English tivi wish you finish
Don't Forget LIKE, ShareVIDEO & Subscribe My Channel

Annual Conference 2017 - Monday Morning

Full coverage of all activity from conference floor from Monday morning.
Watch all the action from Conference floor, as it happens - http://www.labour.org.uk
Subscribe to our channel – http://bit.ly/1EE0m0n
Join our growing movement today ↓
Join the Labour Party – https://join.labour.org.uk
Like us on Facebook – https://facebook.com/labourparty
Follow us on Twitter – https://twitter.com/uklabour

published: 25 Sep 2017

PUA Adam Lyons | The World's #1 Pickup Artist | Full Length HD

Subscribe Now : http://t21c.com/12YTr3X
Early Access : http://the21convention.com/21u
Get Coaching : http://the21convention.com/coaching
About the speaker :
Three time speaker of The 21 Convention and star of The CommunityTapes documentary series, Adam Lyons was once voted 'Least Likely to Ever Get a Girlfriend' in school by his classmates. Age 15, Adam decided to try his best to improve his love life by working to become more attractive, and to understand the psychology of why we become attracted to others. For 11 years he went by largely unsuccesful falling into a couple of relationships and spending most of the time completely perplexed by the opposite sex.
In the summer of 2006 one of his best friends handed him a copy of the book The Game by Neil Strauss with the words, "Read this...

ESTABLISH BUSINESS CREDIT WITH TUNE GOODWINS FIRSTONLINECLASS BUSINESS 101 https://www.ybetv.org/course
WATCH "TALKIN WITH TUNECHI " HOSTED BY TUNE GOODWIN EVERY SUNDAY AT 6:45 PM EST. YOU CAN WWATCH IT HERE ON YOUTUBE &FACEBOOK
TUNE GOODWIN FACEBOOK STREAM WILL BE ON THROUGH THIS LINK
https://www.facebook.com/TuneG49
NEED ADVICE ? EMAIL US YOUR QUESTION AND TUNE WILL RESPOND TO IT WITH A VIDEO - 1YBETV@GMAIL.COM
HOW TO CREATE LOGICAL GOALS FOR YOURSELF AND YOUR VISION BOARD {Q&A)
https://www.youtube.com/watch?v=mJsIsVGhzew&t=18s
JOIN US LIVE ON FACEBOOK LIVE EVERY SUNDAY .FollowTune on his facebook page to be notified.
https://www.facebook.com/TuneG49
This channel is hosted by Tune Goodwin as an extension of the YBETV brand. Y.B.E.T.V is short for young black entrepreneur television. YBETV is created to innovate, empower and entertain the world for the better. Informative blogs, comedy skits, cooking videos and more.
SoundtrackOutro is by Swag Dinero
FOLLOW ME ON TWITTER : @YBETV_TUNE
OR JUST CLICKED ON HERE https://twitter.com/YBETV_TUNE
follow me on facebook
https://www.facebook.com/TuneG49
like the ybetv page.
https://www.facebook.com/Ybetv/?fref=ts

ESTABLISH BUSINESS CREDIT WITH TUNE GOODWINS FIRSTONLINECLASS BUSINESS 101 https://www.ybetv.org/course
WATCH "TALKIN WITH TUNECHI " HOSTED BY TUNE GOODWIN EVERY SUNDAY AT 6:45 PM EST. YOU CAN WWATCH IT HERE ON YOUTUBE &FACEBOOK
TUNE GOODWIN FACEBOOK STREAM WILL BE ON THROUGH THIS LINK
https://www.facebook.com/TuneG49
NEED ADVICE ? EMAIL US YOUR QUESTION AND TUNE WILL RESPOND TO IT WITH A VIDEO - 1YBETV@GMAIL.COM
HOW TO CREATE LOGICAL GOALS FOR YOURSELF AND YOUR VISION BOARD {Q&A)
https://www.youtube.com/watch?v=mJsIsVGhzew&t=18s
JOIN US LIVE ON FACEBOOK LIVE EVERY SUNDAY .FollowTune on his facebook page to be notified.
https://www.facebook.com/TuneG49
This channel is hosted by Tune Goodwin as an extension of the YBETV brand. Y.B.E.T.V is short for young black entrepreneur television. YBETV is created to innovate, empower and entertain the world for the better. Informative blogs, comedy skits, cooking videos and more.
SoundtrackOutro is by Swag Dinero
FOLLOW ME ON TWITTER : @YBETV_TUNE
OR JUST CLICKED ON HERE https://twitter.com/YBETV_TUNE
follow me on facebook
https://www.facebook.com/TuneG49
like the ybetv page.
https://www.facebook.com/Ybetv/?fref=ts

published:04 Feb 2018

views:441

back

How to Become an Independent Loan Broker - David Allen Capital Overview

Become a Loan Agent, No License, Work from Home.
Earn BigDollars By HelpingBusiness Owners Get Cash!
LEARN MORE: https://youngevityservices.com/#101220379 (click “opportunity”)
WHAT IS IT?
1. A Business Needs a ShortTerm Loan.
2. You Introduce them to a DAC Loan.
3. We at DAC find the best loan for them.
Our Lenders Love To Loan Money To Business Owners
Why Become A Small Business Loan Agent With DAC?!
1. Work from home
2. Flexible schedule (full-time or part-time)
3. The market for small business loans is booming
4. Businesses have growth opportunities but can't get money from the "big banks"
5. No licensing requirements to slow you down
6. More approvals - Our top-tiered lenders have less stringent criteria than big banks
7. Quick approvals (1 business day) and fast funding (soon as 2 days).
8. Helping businesses get funding can be very satisfying and lucrative
9. Proven training to increase your effectiveness.
Earn Personal Commissions -"Direct Pay"*-
You will receive commissions for each funded capital client that you personally introduce to DAC. This commission averages 2-3% of capital amount but could be as high as 5%.(Example: Help a client get a $100,000 in capital and earn $2,000-$3,000 commission). There is no limit to the number of clients you can assist to secure capital.
Note-If you own a business, you cannot act as the IndependentSales Agent for your own loan or advance. The agent who referred you to DAC will receive the personal commission credit.
referral
Personal ReferralOverride "Enroller's Direct Pay"*-
If you refer other individuals who become Independent Sales Agents, you can qualify to earn overrides on the capital clients they acquire. (Example: One of your Agents helps a client get a $100,000 in capital. They would earn their commission, plus you would earn between $500-$1,200. There is no limit to the number of independent agents you can personally refer.
extended-agen
Extended Agent "Direct Pay Overides"*-
If your personally enrolled agents enroll other agents, this develops your Extended Agent team. You can qualify to earn Direct Pay Overrides on up to 4 levels of Extended Agent enrollees. Example: You have 4 Personally Enrolled Agents, who each enroll 4 themselves. You would have 16 on level 2. If this continues on and on, you would have 64 on level 3, 256 on level 4. Lets say just 40 loans were secured and funded from your team each month and the loans averaged $40,000 each. This bonus would earn you between $4,000-$8,000 per month.
BETTER YET- You will be an agent able to promote ANY of these services we provide:
As an agent, you refer people or businesses to services to help them save on existing services they use or introduce them to new services. You do NOT have to be an expert.
SERVICES FOR HOME.
ID Protection/ Credit Monitoring better than Lifelock
Tech Support better than GeeksquadRoadside Assistance better than AAA or others
24 hourVirtualDoctor Visits
DiscountShoppingPortal
BUSINESS SERVICES
Small Business Loans
Voice and Mobile Phone Tech
Data and InternetCloudEnterprise IT
https://youngevityservices.com/home/#101220379 (click “opportunity”)
*All income claims or explanations are for mathmatical sample and educational purposes. Income is ONLY EARNED when you help to secure a client who is funded with capital. You should not expect to earn any of the incomes shown above as they are shown for demonstration purposes only and are NOT LIKELY. There is no income guarantee, nor is there an income ceiling. The DAC CompensationPlan is a Results-Based commission plan - meaning only funded clients will produce income for you.

Become a Loan Agent, No License, Work from Home.
Earn BigDollars By HelpingBusiness Owners Get Cash!
LEARN MORE: https://youngevityservices.com/#101220379 (click “opportunity”)
WHAT IS IT?
1. A Business Needs a ShortTerm Loan.
2. You Introduce them to a DAC Loan.
3. We at DAC find the best loan for them.
Our Lenders Love To Loan Money To Business Owners
Why Become A Small Business Loan Agent With DAC?!
1. Work from home
2. Flexible schedule (full-time or part-time)
3. The market for small business loans is booming
4. Businesses have growth opportunities but can't get money from the "big banks"
5. No licensing requirements to slow you down
6. More approvals - Our top-tiered lenders have less stringent criteria than big banks
7. Quick approvals (1 business day) and fast funding (soon as 2 days).
8. Helping businesses get funding can be very satisfying and lucrative
9. Proven training to increase your effectiveness.
Earn Personal Commissions -"Direct Pay"*-
You will receive commissions for each funded capital client that you personally introduce to DAC. This commission averages 2-3% of capital amount but could be as high as 5%.(Example: Help a client get a $100,000 in capital and earn $2,000-$3,000 commission). There is no limit to the number of clients you can assist to secure capital.
Note-If you own a business, you cannot act as the IndependentSales Agent for your own loan or advance. The agent who referred you to DAC will receive the personal commission credit.
referral
Personal ReferralOverride "Enroller's Direct Pay"*-
If you refer other individuals who become Independent Sales Agents, you can qualify to earn overrides on the capital clients they acquire. (Example: One of your Agents helps a client get a $100,000 in capital. They would earn their commission, plus you would earn between $500-$1,200. There is no limit to the number of independent agents you can personally refer.
extended-agen
Extended Agent "Direct Pay Overides"*-
If your personally enrolled agents enroll other agents, this develops your Extended Agent team. You can qualify to earn Direct Pay Overrides on up to 4 levels of Extended Agent enrollees. Example: You have 4 Personally Enrolled Agents, who each enroll 4 themselves. You would have 16 on level 2. If this continues on and on, you would have 64 on level 3, 256 on level 4. Lets say just 40 loans were secured and funded from your team each month and the loans averaged $40,000 each. This bonus would earn you between $4,000-$8,000 per month.
BETTER YET- You will be an agent able to promote ANY of these services we provide:
As an agent, you refer people or businesses to services to help them save on existing services they use or introduce them to new services. You do NOT have to be an expert.
SERVICES FOR HOME.
ID Protection/ Credit Monitoring better than Lifelock
Tech Support better than GeeksquadRoadside Assistance better than AAA or others
24 hourVirtualDoctor Visits
DiscountShoppingPortal
BUSINESS SERVICES
Small Business Loans
Voice and Mobile Phone Tech
Data and InternetCloudEnterprise IT
https://youngevityservices.com/home/#101220379 (click “opportunity”)
*All income claims or explanations are for mathmatical sample and educational purposes. Income is ONLY EARNED when you help to secure a client who is funded with capital. You should not expect to earn any of the incomes shown above as they are shown for demonstration purposes only and are NOT LIKELY. There is no income guarantee, nor is there an income ceiling. The DAC CompensationPlan is a Results-Based commission plan - meaning only funded clients will produce income for you.

published:13 Feb 2017

views:3864

back

How To Sell On Amazon FBA For Beginners | The Complete A-Z Tutorial (2018)

If you're looking to launch your own business by selling physical products on Amazon in 2018, then you need to watch this complete guide on how to sell on Amazo...

If you're looking to launch your own business by selling physical products on Amazon in 2018, then you need to watch this complete guide on how to sell on Amazon for beginners and beyond.
In less than 1 hour you'll gain the knowledge required and a complete FBA overview in order to successfully launch and scale an Amazon private label business. This proven process we are sharing with you can be transferred to any Amazon marketplace, so whether you want to sell on Amazon.com or outside of the USA, we've got you covered!
After this useful Amazon FBA step by step tutorial, you will be set to build your life of financial freedom!
NEXTSTEPSBLOG How Much MoneyDo INeed To Sell On Amazon? The FBA Guide – JungleScout - http://bit.ly/2vGZmAh
0:08 Why sell on Amazon?
1:14 PRODUCTRESEARCH
2:16 Analysing a product on Amazon
2:58 Checking sales numbers with the Sales Estimator Tool
http://bit.ly/jsestimator
4:24 Checking the seasonality of a product with Google Trends
http://trends.google.com
6:03 Verify your sales numbers by tracking over time
6:57 Using the ProductTracker to verify sales
http://bit.ly/webapptracker
9:33 FINDING SUPPLIERS
http://alibaba.com
http://aliexpress.com
http://globalsources.com
9:45 Using Alibaba to find suppliers or manufacturers
10:07 Email template for contacting suppliers:
http://bit.ly/supplieremail
10:46 Evaluating supplier responses
11:04 Getting samples
12:21 SETTING UP AN ACCOUNT ON AMAZON
http://bit.ly/createamzaccount
12:56 CREATING AN AMAZON LISTING & GETTING FNSKU
Get official UPC codes: http://gs1.org
Blog on Brand Registry: http://bit.ly/amzbrandregistry
16:14 Creating customized packaging and file types
17:35 Product photography
18:32 CREATING A SHIPMENT IN SELLER CENTRAL
21:58 Shipment photos, inspection companies, shipping and freight forwarders
22:58 LAUNCHING YOUR PRODUCT
24:45 Getting sales
https://jumpsend.com
26:03 Promotional giveaway strategy
31:14 Pay per click advertising (PPC)
34:01 Automated email campaigns
https://jumpsend.com
39:59 Final thoughts
SUBSCRIBE TO US ON YOUTUBE
http://bit.ly/jssubscribe
FOLLOW US ON SOCIAL MEDIA
Facebook: https://www.facebook.com/amazonjunglescout/
Instagram: https://www.instagram.com/junglescout_/

If you're looking to launch your own business by selling physical products on Amazon in 2018, then you need to watch this complete guide on how to sell on Amazon for beginners and beyond.
In less than 1 hour you'll gain the knowledge required and a complete FBA overview in order to successfully launch and scale an Amazon private label business. This proven process we are sharing with you can be transferred to any Amazon marketplace, so whether you want to sell on Amazon.com or outside of the USA, we've got you covered!
After this useful Amazon FBA step by step tutorial, you will be set to build your life of financial freedom!
NEXTSTEPSBLOG How Much MoneyDo INeed To Sell On Amazon? The FBA Guide – JungleScout - http://bit.ly/2vGZmAh
0:08 Why sell on Amazon?
1:14 PRODUCTRESEARCH
2:16 Analysing a product on Amazon
2:58 Checking sales numbers with the Sales Estimator Tool
http://bit.ly/jsestimator
4:24 Checking the seasonality of a product with Google Trends
http://trends.google.com
6:03 Verify your sales numbers by tracking over time
6:57 Using the ProductTracker to verify sales
http://bit.ly/webapptracker
9:33 FINDING SUPPLIERS
http://alibaba.com
http://aliexpress.com
http://globalsources.com
9:45 Using Alibaba to find suppliers or manufacturers
10:07 Email template for contacting suppliers:
http://bit.ly/supplieremail
10:46 Evaluating supplier responses
11:04 Getting samples
12:21 SETTING UP AN ACCOUNT ON AMAZON
http://bit.ly/createamzaccount
12:56 CREATING AN AMAZON LISTING & GETTING FNSKU
Get official UPC codes: http://gs1.org
Blog on Brand Registry: http://bit.ly/amzbrandregistry
16:14 Creating customized packaging and file types
17:35 Product photography
18:32 CREATING A SHIPMENT IN SELLER CENTRAL
21:58 Shipment photos, inspection companies, shipping and freight forwarders
22:58 LAUNCHING YOUR PRODUCT
24:45 Getting sales
https://jumpsend.com
26:03 Promotional giveaway strategy
31:14 Pay per click advertising (PPC)
34:01 Automated email campaigns
https://jumpsend.com
39:59 Final thoughts
SUBSCRIBE TO US ON YOUTUBE
http://bit.ly/jssubscribe
FOLLOW US ON SOCIAL MEDIA
Facebook: https://www.facebook.com/amazonjunglescout/
Instagram: https://www.instagram.com/junglescout_/

An Amazon Success Story - $0 to $500K per Month!

Listen to this real and inspiring Amazon success story where you will learn how a single mom went from struggling to make ends meet to creating her very own phy...

Listen to this real and inspiring Amazon success story where you will learn how a single mom went from struggling to make ends meet to creating her very own physical products empire on Amazon.
Get the free training series + 100 hot Amazon product opportunities FREE...
https://www.amazingsellingmachine.com/video-series
LET'S CONNECT SOCIALLY...
- Subscribe to our YouTube channel:https://www.youtube.com/c/amazingacademy
- Check out our website at: http://www.amazing.com
- Like us on Facebook: https://www.facebook.com/amazingcom
- Follow us on Twitter: https://twitter.com/Amazingdot_com
- Find us on LinkedIn: https://www.linkedin.com/company/amazingcom
- Check us out on Instagram: https://www.instagram.com/amazing_dotcom/
- Friend us on Google+: https://plus.google.com/+Amazingacademy
#amazonsuccess
#amazonsuccessstory
#amazonfbasuccessstories2018
#amazonsellermillionaires
#amazonsuccessstorycasestudy
#amazonsellersuccessrate
#amazonsuccessstories2018
#amazonsellersuccessstories
#mostsuccessfulamazonseller
#successfulamazonseller
#successstoriesofamazonsellers

Listen to this real and inspiring Amazon success story where you will learn how a single mom went from struggling to make ends meet to creating her very own physical products empire on Amazon.
Get the free training series + 100 hot Amazon product opportunities FREE...
https://www.amazingsellingmachine.com/video-series
LET'S CONNECT SOCIALLY...
- Subscribe to our YouTube channel:https://www.youtube.com/c/amazingacademy
- Check out our website at: http://www.amazing.com
- Like us on Facebook: https://www.facebook.com/amazingcom
- Follow us on Twitter: https://twitter.com/Amazingdot_com
- Find us on LinkedIn: https://www.linkedin.com/company/amazingcom
- Check us out on Instagram: https://www.instagram.com/amazing_dotcom/
- Friend us on Google+: https://plus.google.com/+Amazingacademy
#amazonsuccess
#amazonsuccessstory
#amazonfbasuccessstories2018
#amazonsellermillionaires
#amazonsuccessstorycasestudy
#amazonsellersuccessrate
#amazonsuccessstories2018
#amazonsellersuccessstories
#mostsuccessfulamazonseller
#successfulamazonseller
#successstoriesofamazonsellers

published:01 Feb 2018

views:90

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HOW TO START TRUCKING COMPANY TRUCKING BUSINESS MAKE MONEY AS OWNER OPERATOR

: In this webinar, you will learn about Ex-Im Bank’s Working Capital Guarantee Program and the GlobalCreditExpress direct loan pilot program from experienced trade finance professionals who will clearly explain the benefits of both programs. You will learn about the working capital loan guarantee to fulfill your export orders, how exporters can turn export-related inventory into cash, the support you can obtain for posting bid and performance bonds, and the support you can obtain to fund your business’ export development activities. For more: http://www.export.gov/webinars/eg_main_077321.asp
May 13, 2014

: In this webinar, you will learn about Ex-Im Bank’s Working Capital Guarantee Program and the GlobalCreditExpress direct loan pilot program from experienced trade finance professionals who will clearly explain the benefits of both programs. You will learn about the working capital loan guarantee to fulfill your export orders, how exporters can turn export-related inventory into cash, the support you can obtain for posting bid and performance bonds, and the support you can obtain to fund your business’ export development activities. For more: http://www.export.gov/webinars/eg_main_077321.asp
May 13, 2014

published:05 Jan 2015

views:751

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HOW TO ANALYZE PEOPLE ON SIGHT - FULL AudioBook - Human Analysis, Psychology, Body Language

Join 7 FigureCycle Now! - http://the7figurecyclereview.com/start/
FREEGIFT - http://www.7figurecycle.com/gift
GET $250 DISCOUNT ON 7 FIGURE CYCLE HERE -
http://the7figurecyclereview.com/
- How to create a cash-flow positive business in just 30 days with NO website, NO Ads and ZERO customer support.
- Our secret weapon that identifies weird but highly profitable products that most sellers IGNORE!
- How we tapped into the MOTHERLOAD of free traffic to generate 867,966 visitors to our offers in just ONE month!
- The 15-Day "Compounding Cycle" that snowballs your first dollar into a MONSTER income FAST!
- How one "test-student" used this Cycle to generate an astonishing $3,045,814 in 1 year (you'll see PROOF)
- How literally ANYONE can copy this system to build an ever-growing income stream in 2018 with no experience needed.

Join 7 FigureCycle Now! - http://the7figurecyclereview.com/start/
FREEGIFT - http://www.7figurecycle.com/gift
GET $250 DISCOUNT ON 7 FIGURE CYCLE HERE -
http://the7figurecyclereview.com/
- How to create a cash-flow positive business in just 30 days with NO website, NO Ads and ZERO customer support.
- Our secret weapon that identifies weird but highly profitable products that most sellers IGNORE!
- How we tapped into the MOTHERLOAD of free traffic to generate 867,966 visitors to our offers in just ONE month!
- The 15-Day "Compounding Cycle" that snowballs your first dollar into a MONSTER income FAST!
- How one "test-student" used this Cycle to generate an astonishing $3,045,814 in 1 year (you'll see PROOF)
- How literally ANYONE can copy this system to build an ever-growing income stream in 2018 with no experience needed.

published:23 Jan 2018

views:178

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1200 Most Useful English Sentences - 1200 Useful Phrases in English - 1200 Common English Phrases ✔

English tivi is a free Channel for English learners.
You will find free learn english through story. Thousands of English Videos are waiting for you. They will...

English tivi is a free Channel for English learners.
You will find free learn english through story. Thousands of English Videos are waiting for you. They will help you learn English.
☞ Thanks for watching!
☞ Please subcribe, like and share if you enjoyed the video :) thanks so much ♥
https://goo.gl/b9XRzY
Google+ : https://goo.gl/291RaJ
Website: https://englishtivi.blogspot.com/
Fanfage: https://www.facebook.com/Englishtivi
Thank you for watching, English tivi wish you finish
Don't Forget LIKE, ShareVIDEO & Subscribe My Channel

English tivi is a free Channel for English learners.
You will find free learn english through story. Thousands of English Videos are waiting for you. They will help you learn English.
☞ Thanks for watching!
☞ Please subcribe, like and share if you enjoyed the video :) thanks so much ♥
https://goo.gl/b9XRzY
Google+ : https://goo.gl/291RaJ
Website: https://englishtivi.blogspot.com/
Fanfage: https://www.facebook.com/Englishtivi
Thank you for watching, English tivi wish you finish
Don't Forget LIKE, ShareVIDEO & Subscribe My Channel

Annual Conference 2017 - Monday Morning

Full coverage of all activity from conference floor from Monday morning.
Watch all the action from Conference floor, as it happens - http://www.labour.org.uk
...

Full coverage of all activity from conference floor from Monday morning.
Watch all the action from Conference floor, as it happens - http://www.labour.org.uk
Subscribe to our channel – http://bit.ly/1EE0m0n
Join our growing movement today ↓
Join the Labour Party – https://join.labour.org.uk
Like us on Facebook – https://facebook.com/labourparty
Follow us on Twitter – https://twitter.com/uklabour

Full coverage of all activity from conference floor from Monday morning.
Watch all the action from Conference floor, as it happens - http://www.labour.org.uk
Subscribe to our channel – http://bit.ly/1EE0m0n
Join our growing movement today ↓
Join the Labour Party – https://join.labour.org.uk
Like us on Facebook – https://facebook.com/labourparty
Follow us on Twitter – https://twitter.com/uklabour

Subscribe Now : http://t21c.com/12YTr3X
Early Access : http://the21convention.com/21u
Get Coaching : http://the21convention.com/coaching
About the speaker :
Three time speaker of The 21 Convention and star of The CommunityTapes documentary series, Adam Lyons was once voted 'Least Likely to Ever Get a Girlfriend' in school by his classmates. Age 15, Adam decided to try his best to improve his love life by working to become more attractive, and to understand the psychology of why we become attracted to others. For 11 years he went by largely unsuccesful falling into a couple of relationships and spending most of the time completely perplexed by the opposite sex.
In the summer of 2006 one of his best friends handed him a copy of the book The Game by Neil Strauss with the words, "Read this book, you'll take to it like a duck to water." Since then Adam has become known as one of the worlds leading authorities on dating and attraction, has been consistently ranked the #1 pickup artist in the world, and is the CEO of the North American branch of PUA Training.
~~~
Adam Lyons lives and works out of Austin Texas with his lovely wife AmandaLyons.
Visit Adam at http://www.attractionexplained.com/21/

Subscribe Now : http://t21c.com/12YTr3X
Early Access : http://the21convention.com/21u
Get Coaching : http://the21convention.com/coaching
About the speaker :
Three time speaker of The 21 Convention and star of The CommunityTapes documentary series, Adam Lyons was once voted 'Least Likely to Ever Get a Girlfriend' in school by his classmates. Age 15, Adam decided to try his best to improve his love life by working to become more attractive, and to understand the psychology of why we become attracted to others. For 11 years he went by largely unsuccesful falling into a couple of relationships and spending most of the time completely perplexed by the opposite sex.
In the summer of 2006 one of his best friends handed him a copy of the book The Game by Neil Strauss with the words, "Read this book, you'll take to it like a duck to water." Since then Adam has become known as one of the worlds leading authorities on dating and attraction, has been consistently ranked the #1 pickup artist in the world, and is the CEO of the North American branch of PUA Training.
~~~
Adam Lyons lives and works out of Austin Texas with his lovely wife AmandaLyons.
Visit Adam at http://www.attractionexplained.com/21/

1 (Letter of Credit) Explain the letter of credit mechanism

Case - Explain Complete concept of Letter of Credit with RealExample !
Story - By Amlan ----Contribution's by Runold Fernandes .
I am wanting to buy coke bottles from Coa Cola USA.....so evidently , i am the buyer
Alway's remember that the receive of the payment (seller ) is termed the beneficiary .....so here Coca Cola USA is the benefeciary ....
Let's also understand what is a letter of credit ....it is credit ( payment offered ) against documents and so also called documentary credit .... amechanism wherein the seller of the goods is assured of his payment because the buyer's bank take's guarantee to make the payment ...the seller is not concerned whether the buyer goes bankrupt or not
So , in this case my bank is SBI , Cuffe parade ....this is called the issuing bank ....say , i want to buy 100 crates Coke bottles worth 10 million dollars .....i go and ask the bank to open a letter of credit (the process is called issuing letter of credit ) favoring the bebenficiary and the beneficiary bank as follows
Beneficiary - Coca Cola Ltd
Beneciary Bank - Citi Bank -Los Angeles
Coca Cola Lts had already intimated me that he bank he desires for his payment to be credited shall be Citi Bank (Los Angeles ).....
Case 1 -
In present arrangement , SBI Cuffe parade is the issuing bank , Citi Bank Los anageles is the Bneficiary bank
Once the LC is opened , SBI sends across the letter of credit to the advising bank which then advises Coca Cola that the LC has come and asks for the documents
Say , Coca Cola ships the Material on 16Th May ....he gets the bill of lading and collects all the other documents like the invoice , ciountry of origin , Test certificate , inspection certicate ads mentioned in the LC and makes a presentation of the documents to the advising bank ( not neccesary that documents are to be submitted to the advising bank )
The bank ( in this case ----Citi Bank checkls the documents ...if it finds any discrepancy , it lets know to the seller( Coca Cola ) of the discrepancy ...say test certificate was missing , it lets Coca cola know of the same ...Coca cola then furnishes the remaining document...once the advising bank is satisfied that all documents are in order , it sends the documents to the issuing bank (SBI , cuffe parade )
If SBI , cuffe parade also finds that the docs are in order , then since it has taken guarantee for payment , it will have to make payment for the issued LC i.e pay the advising bank 2000 $ against the docs collected
It then contacts me (buyer ) that all the docs are with it and asks me to make payment and collect the documents
( Sometimes while issuing the letter of credit , the bank blocks that much fund from my account and when the docs arrive debits my account and sends across the documents )
Using the Bill of lading document) document, i go to the Mumbai port to get my shipment released upon subsequent payment of Import duty for the coke trenches
That's it
The basics are clear ,
Hope You enjoyed ,
Cheers ,
Amlan

Watch What Happens When This Bench Grinder is Turned On

Leah unboxes and tests the 8" Harbor FreightBench Grinder/Buffer.
If our videos have been helpful to you, consider supporting us on Patreon: https://www.patreon.com/seejanedrill
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Due to factors beyond the control of See Jane Drill, we cannot guarantee against improper use or unauthorized modifications of this information. See Jane Drill assumes no liability for property damage or injury incurred as a result of any of the information contained in these videos. Use this information at your own risk. See Jane Drill recommends safe practices when working with tools seen or implied in our video and written content. Due to factors beyond the control of See Jane Drill, no information contained on this youtube channel, Facebook page, website and Twitter page shall create any expressed or implied warranty or guarantee of any particular result. Any injury, damage, or loss that may result from improper use of these tools, equipment, or from the information contained in this content is the sole responsibility of the user and not See Jane Drill.
https://youtu.be/MnMifZoVVl8

3:29

How to Get a Freight Broker Bond?

Source: https://www.suretybonds.org/freight-broker-bonds
Description:
To become a freight...

How to Get a Freight Broker Bond?

Source: https://www.suretybonds.org/freight-broker-bonds
Description:
To become a freight broker you need a license, but before you get a license you need a freight broker bond. So what’s a freight broker bond and how do you obtain one?
Freight broker bonds are required by the Federal Motor Carrier Safety Administration to guarantee that freight brokers keep their contractual agreements with shippers and carriers. They are also known as a BMC-84 surety bond, trucking surety bond, and a transportation broker surety bond.
Freight broker bonds are meant to guarantee that shippers and motor carriers are compensated if the broker fails to comply with its contracts and agreements. For example, if a freight broker is delaying or refusing payment, the freight broker bond goes into effect and compensates the carrier.
Applying for a freight broker bond is simple, automated and can be done online. You can submit your online application with LanceSurety Bonds. Within minutes we will match you with the surety bond company which offers you the best quote.
To offer a rate, the surety bond company will require basic information regarding your company. It will also review the personal credit of the business owner. In certain cases, you can strengthen your application by submitting personal or business financial statements.
Credit score is reviewed by bonding companies as a way to assess a business owner’s ability to stay on top of their financial responsibilities. There is often a correlation between an owner’s credit and the likelihood of triggering a claim. If there is a claim against you, it is the surety bond company’s responsibility to financially compensate for all losses inflicted. Therefore, people with clean credit history are more likely to receive a bond.
But that doesn’t mean you can’t get bonded if you have bad credit history. You simply might have to pay a slightly higher price for a bond in order to compensate the surety for the additional risk.
The current full amount of a freight broker bond is $75,000. Of that, you only pay an annual premium, which is a small percentage of the $75K. Normally, applicants with clean credit history may pay between 2 and 5 percent. Freight brokers with damaged credit can see quotes between 5 and 13 percent.
Additional resources:
1. "The CompleteComplianceGuide for Freight Brokers" - Download our FREE e-book at https://goo.gl/boCVKv
2. If you want to calculate the cost of your freight broker bond, visit https://www.suretybonds.org/freight-broker-bond-cost
3. If you're thinking of starting a freight brokerage, here is Your Ultimate Infographic Guide: How to Become a Freight Broker - https://www.suretybonds.org/blog/how-to-become-a-freight-broker-ultimate-guide/
4. Wondering what makes a freight broker successful? Check out "How To Be A Successful Freight Broker" infographic at https://www.suretybonds.org/blog/how-to-be-a-successful-freight-broker-infographic/
5. If it's time to renew your freight broker bond, check out "The UltimateFreight Broker BondRenewal Guide" at https://www.suretybonds.org/blog/freight-broker-bond-renewal-guide/
6. For more information on bad credit surety bonds, visit http://www.suretybonds.org/bad-credit-surety-bonds
7. Want to learn more about how to lower your surety bond rate? Visit https://www.suretybonds.org/surety-bond-rates
8. If you need additional educational materials, here are the most recommended and authoritative freight broker training books: https://www.suretybonds.org/blog/4-top-freight-broker-training-books/
9. To get a FREE surety bond quote, apply online now: https://www.suretybonds.org/online-application

5:07

Letter of Credit : How a Sight Letter of Credit works (2018)

The workflow of a Sight Letter of Credit involves the Importer (Applicant), Issuing Bank, ...

Letter of Credit : How a Sight Letter of Credit works (2018)

The workflow of a SightLetter of Credit involves the Importer (Applicant), Issuing Bank, Advising Bank and Exporter (Beneficiary) in diagrams and animation.
Under the method of payment of DocumentaryCredit also known as Letter of Credit – we have 2 types which is Sight and Usance. This video specifically looks at How a Sight Letter of Credit works in International Trade.
This video is a step by step workflow of what happens after the Exporter and Importer have entered into a sales contract & the Importer applies for a Letter of Credit with the Issuing Bank. This video also addresses the definition of a Letter of Credit.
Letter of Credit (LC) is an undertaking of payment given by the Importer’s Bank to the Exporter for a specified sum provided the Exporter ships out the goods and present the required compliant documents by a predetermined deadline. Hence LC is a tool used to reduce the risk of non-payment and is a fundamental component of international trade. LC is governed by a set of guidelines called the UniformCustoms and Practice for Documentary Credits (UCP 600), which is issued by the International Chamber of Commerce.
What is important to note about Letter of Credit is strict compliance with documentary requirements. In the video, you will note that the Exporter needs to check the LC with the sales contract to see if the terms both documents match. As well as the Advising Bank (Nominated Bank) & Issuing Bank have to check the documents forwarded by the Exporter that it complies with the LC.
This video is designed to provide those operating within International Trade: Exporters, Importers, Bankers & Insurers, Freight forwarders and Carriers an opportunity to broaden their understanding of Sight Letter of Credit in International Trade.
--
► Subscribe to my Channel https://www.youtube.com/c/TradelinksResources
► Follow My Website: https://tradelinks.com.my/
--
This video was produced by
1. Mr. Billy Fong Goon Poy, ACIB, MITD, MasterTrainer
2. Ms Sook Ling, OnlineContentCreator
Tradelinks Resources conducts public training programs for the following International Trade courses in Malaysia
1. Incoterms 2010
2. Letters of Credit
3. Bills of Lading - Correct Preparation To Avoid Rejection by Banks

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6:43

Letter of Credit Tutorial 2 | Issuing and Advising

http://www.learnonline2u.net
Tutorial on Letter of Credits (LC) for students studying Int...

Letter of Credit Tutorial 2 | Issuing and Advising

http://www.learnonline2u.net
Tutorial on Letter of Credits (LC) for students studying International Trade and Finance by H.W. Nawawi a former banker (Facilitator and lecturer).
Tutorial 1
http://youtu.be/72Q5EzZwMBo
Tutorial 3
http://youtu.be/zDlpgDNIE7U
http://youtu.be/kCo1tjAx7Uk

1:31

Trucking Transportation Business Loan

Trucking Transportation Business Loan capital without the hassle of a traditional bank. Fa...

What is LETTER OF CREDIT? What does LETTER OF CREDIT mean? LETTER OF CREDIT meaning & explanation

What is LETTER OF CREDIT? What does LETTER OF CREDIT mean? LETTER OF CREDIT meaning - LETTER OF CREDIT definition - LETTER OF CREDIT explanation.
Source: Wikipedia.org article, adapted under https://creativecommons.org/licenses/by-sa/3.0/ license.
In modern business practice, a letter of credit is a written undertaking from a bank to pay a beneficiary against the delivery of a specified set of documents.
A letter of credit is a method of payment, considered less secure than payment in advance but more secure than documentary collections and open account from the seller's point of view. From the buyer's point of view it offers more security than payment in advance but less security than documentary collections or open account terms.
However, it is generally considered that Letters of Credit (otherwise known as "DocumentaryCredits") offer a good balance of security between the buyer and the seller, because both the buyer and seller rely upon the security of banks and the banking system to ensure that payment is received and goods are provided. In a Letter of Credit transaction the goods are consigned to the order of the issuing bank, meaning that the bank will not release control of the goods until the buyer has either paid or undertaken to pay the bank for the documents.
In the event that the buyer is unable to make payment on the purchase, the seller may make a demand for payment on the bank. The bank will examine the beneficiary's demand and if it complies with the terms of the letter of credit, will honor the demand. Most letters of credit are governed by rules promulgated by the International Chamber of Commerce known as UniformCustoms and Practice for Documentary Credits. The current version, UCP600, became effective July 1, 2007.
The name "letter of credit" derives from the French word "accréditation", a power to do something, which derives from the Latin "accreditivus", meaning trust.
After a sales contract has been negotiated and letter of credit has been agreed upon as the method of payment, the Applicant will contact a bank to ask for a letter of credit to be issued, and once the issuing bank has ascertained that the Applicant will be able to pay for the goods it will issue the letter of credit. Once the Beneficiary receives the letter of credit it will check the terms to ensure that it matches with the contract, and will either arrange for shipment of the goods or ask for an amendment to the letter of credit so that it meets with the terms of the contract. The letter of credit is limited by time, in terms of the validity of the credit, the latest date of shipment, and in terms of how long after shipment the documents may be presented to the Nominated Bank.
Once the goods have been shipped, the Beneficiary will present the set of requested documents to the Nominated Bank. This bank will check the documents, and if they comply with the terms of the Letter of Credit the Issuing Bank is bound to honour the terms of the letter of credit by paying the Beneficiary.
If the documents do not comply with the terms of the letter of credit they are considered Discrepant. At this point the Nominated Bank will inform the Beneficiary of the discrepancy and offer a number of options depending on the circumstances. If the discrepancies are minor it may be possible to present corrected documents to the bank to make the presentation compliant. Documents presented after the time limits mentioned in the credit are also considered discrepant.
If corrected documents cannot be supplied in time the documents may be forwarded to the issuing bank "in trust"; effectively in the hope that the Applicant will accept the documents. Documents forwarded in trust remove the payment security of a letter of credit so this route must only be used as a last resort.
Some banks will offer to "Telex for Approval" or similar. This is where the Nominated Bank holds the documents, but sends a message to the Issuing Bank to accept the discrepancies. This is more secure than sending documents in trust.

1:34

The Credit Corrector - Expert, Full Service Credit Repair - Broker Back Office

www.CorrectedCredit.com A quick video on what is available in the broker back office and ...

The Credit Corrector - Expert, Full Service Credit Repair - Broker Back Office

www.CorrectedCredit.com A quick video on what is available in the broker back office and how to navigate the back office. It is available 24-7 and allows a broker to maintain their account, add new leads, check client status, and add referral partners.
Expert, Full ServiceCredit Repair with Written Guarantee! ExcellentReferralProgram. Create and monitor sales teams, referrals, usage and client repairs 24/7.

1:17

Transgistics Inc.

Were you hired to deliver freight on behalf of Transgistics Inc? Did the broker using MC 9...

Transgistics Inc.

Were you hired to deliver freight on behalf of Transgistics Inc? Did the broker using MC 998734 pay you for your services? Located out of 300Cadman Plaza West One PierrePointPlaza 12th Floor, Brooklyn, NY 11201, this company provides 347-293-0908, 718-269-8436, and 917-338-0587 as contact phone numbers. If you've had trouble reaching out to Transgistics Inc about unpaid freight bills, call Bill at 662-258-1948 right now!
Disclaimer - BaxterBailey is not a commercial credit reporting or a scoring agent and simply provides information based upon the number of debt assignments received from motor carriers. Baxter Bailey makes no guarantee that the information reported to it from third-parties is accurate. Baxter Bailey & Associates or affiliates assume no part of the user's business risk, and does not guarantee the accuracy of timeliness of the information provided in this e-mail.
This Alert is furnished as one factor to consider in connection with credit or other business decisions. We encourage all carriers perform the necessary due diligence, before entering into any transaction with any company requesting credit.

6:05

HOW TO BUILD CREDIT FOR YOUR TRUCKING BUSINESS

monteiroronie@gmail.com
THIS IS THE INTERVIEW WE DID WITH THEM
https://www.youtube.com/wa...

HOW TO BUILD CREDIT FOR YOUR TRUCKING BUSINESS

monteiroronie@gmail.com
THIS IS THE INTERVIEW WE DID WITH THEM
https://www.youtube.com/watch?v=z67MrRuLLgo&t=1305s
------------------------------------------------------------------------------
First of i want to say thanx to you for all that you do for the community. I carefully listen to all your videos. There are a lot of truckers on youtube, but few provide real usable info like you do. I started cdl school on monday mostly bc of you and golden child. I got a killer deal on a kw that i am working on. I am comming straight out the gate as an owner opp which is not really common but said fuck it lets do it. I have some o.g. guidance thought. But anyways regarding the credit its simple all i need is a copy of their license social a bill for proof of residence and about 3 months. I normally charge 500 for songle and 800 for couples, but for your viewers i ll take care of them for 299.99. Trust me they ll be driving their own trucks by the summer with reasonable payments and not rediculous leases with stupid ballons. Any viewers come to you with ownership questions sent them my wa y if they are looking to finance, i ll give them a free credit eval. Call or email with any questions
Ronie MonteiroASK TUNE A QUESTION 1YBETV@GMAIL.COM

I got over $30,000 in business credit without my S.S.N

ESTABLISH BUSINESS CREDIT WITH TUNE GOODWINS FIRSTONLINECLASS BUSINESS 101 https://www.ybetv.org/course
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This channel is hosted by Tune Goodwin as an extension of the YBETV brand. Y.B.E.T.V is short for young black entrepreneur television. YBETV is created to innovate, empower and entertain the world for the better. Informative blogs, comedy skits, cooking videos and more.
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32:14

How to Become an Independent Loan Broker - David Allen Capital Overview

Become a Loan Agent, No License, Work from Home.
Earn Big Dollars By Helping Business Owne...

How to Become an Independent Loan Broker - David Allen Capital Overview

Become a Loan Agent, No License, Work from Home.
Earn BigDollars By HelpingBusiness Owners Get Cash!
LEARN MORE: https://youngevityservices.com/#101220379 (click “opportunity”)
WHAT IS IT?
1. A Business Needs a ShortTerm Loan.
2. You Introduce them to a DAC Loan.
3. We at DAC find the best loan for them.
Our Lenders Love To Loan Money To Business Owners
Why Become A Small Business Loan Agent With DAC?!
1. Work from home
2. Flexible schedule (full-time or part-time)
3. The market for small business loans is booming
4. Businesses have growth opportunities but can't get money from the "big banks"
5. No licensing requirements to slow you down
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7. Quick approvals (1 business day) and fast funding (soon as 2 days).
8. Helping businesses get funding can be very satisfying and lucrative
9. Proven training to increase your effectiveness.
Earn Personal Commissions -"Direct Pay"*-
You will receive commissions for each funded capital client that you personally introduce to DAC. This commission averages 2-3% of capital amount but could be as high as 5%.(Example: Help a client get a $100,000 in capital and earn $2,000-$3,000 commission). There is no limit to the number of clients you can assist to secure capital.
Note-If you own a business, you cannot act as the IndependentSales Agent for your own loan or advance. The agent who referred you to DAC will receive the personal commission credit.
referral
Personal ReferralOverride "Enroller's Direct Pay"*-
If you refer other individuals who become Independent Sales Agents, you can qualify to earn overrides on the capital clients they acquire. (Example: One of your Agents helps a client get a $100,000 in capital. They would earn their commission, plus you would earn between $500-$1,200. There is no limit to the number of independent agents you can personally refer.
extended-agen
Extended Agent "Direct Pay Overides"*-
If your personally enrolled agents enroll other agents, this develops your Extended Agent team. You can qualify to earn Direct Pay Overrides on up to 4 levels of Extended Agent enrollees. Example: You have 4 Personally Enrolled Agents, who each enroll 4 themselves. You would have 16 on level 2. If this continues on and on, you would have 64 on level 3, 256 on level 4. Lets say just 40 loans were secured and funded from your team each month and the loans averaged $40,000 each. This bonus would earn you between $4,000-$8,000 per month.
BETTER YET- You will be an agent able to promote ANY of these services we provide:
As an agent, you refer people or businesses to services to help them save on existing services they use or introduce them to new services. You do NOT have to be an expert.
SERVICES FOR HOME.
ID Protection/ Credit Monitoring better than Lifelock
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*All income claims or explanations are for mathmatical sample and educational purposes. Income is ONLY EARNED when you help to secure a client who is funded with capital. You should not expect to earn any of the incomes shown above as they are shown for demonstration purposes only and are NOT LIKELY. There is no income guarantee, nor is there an income ceiling. The DAC CompensationPlan is a Results-Based commission plan - meaning only funded clients will produce income for you.

41:38

How To Sell On Amazon FBA For Beginners | The Complete A-Z Tutorial (2018)

If you're looking to launch your own business by selling physical products on Amazon in 20...

How To Sell On Amazon FBA For Beginners | The Complete A-Z Tutorial (2018)

If you're looking to launch your own business by selling physical products on Amazon in 2018, then you need to watch this complete guide on how to sell on Amazon for beginners and beyond.
In less than 1 hour you'll gain the knowledge required and a complete FBA overview in order to successfully launch and scale an Amazon private label business. This proven process we are sharing with you can be transferred to any Amazon marketplace, so whether you want to sell on Amazon.com or outside of the USA, we've got you covered!
After this useful Amazon FBA step by step tutorial, you will be set to build your life of financial freedom!
NEXTSTEPSBLOG How Much MoneyDo INeed To Sell On Amazon? The FBA Guide – JungleScout - http://bit.ly/2vGZmAh
0:08 Why sell on Amazon?
1:14 PRODUCTRESEARCH
2:16 Analysing a product on Amazon
2:58 Checking sales numbers with the Sales Estimator Tool
http://bit.ly/jsestimator
4:24 Checking the seasonality of a product with Google Trends
http://trends.google.com
6:03 Verify your sales numbers by tracking over time
6:57 Using the ProductTracker to verify sales
http://bit.ly/webapptracker
9:33 FINDING SUPPLIERS
http://alibaba.com
http://aliexpress.com
http://globalsources.com
9:45 Using Alibaba to find suppliers or manufacturers
10:07 Email template for contacting suppliers:
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10:46 Evaluating supplier responses
11:04 Getting samples
12:21 SETTING UP AN ACCOUNT ON AMAZON
http://bit.ly/createamzaccount
12:56 CREATING AN AMAZON LISTING & GETTING FNSKU
Get official UPC codes: http://gs1.org
Blog on Brand Registry: http://bit.ly/amzbrandregistry
16:14 Creating customized packaging and file types
17:35 Product photography
18:32 CREATING A SHIPMENT IN SELLER CENTRAL
21:58 Shipment photos, inspection companies, shipping and freight forwarders
22:58 LAUNCHING YOUR PRODUCT
24:45 Getting sales
https://jumpsend.com
26:03 Promotional giveaway strategy
31:14 Pay per click advertising (PPC)
34:01 Automated email campaigns
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39:59 Final thoughts
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54:11

An Amazon Success Story - $0 to $500K per Month!

Listen to this real and inspiring Amazon success story where you will learn how a single m...

An Amazon Success Story - $0 to $500K per Month!

Listen to this real and inspiring Amazon success story where you will learn how a single mom went from struggling to make ends meet to creating her very own physical products empire on Amazon.
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22:32

HOW TO START TRUCKING COMPANY TRUCKING BUSINESS MAKE MONEY AS OWNER OPERATOR

: In this webinar, you will learn about Ex-Im Bank’s Working Capital Guarantee Program and the GlobalCreditExpress direct loan pilot program from experienced trade finance professionals who will clearly explain the benefits of both programs. You will learn about the working capital loan guarantee to fulfill your export orders, how exporters can turn export-related inventory into cash, the support you can obtain for posting bid and performance bonds, and the support you can obtain to fund your business’ export development activities. For more: http://www.export.gov/webinars/eg_main_077321.asp
May 13, 2014

6:50:42

HOW TO ANALYZE PEOPLE ON SIGHT - FULL AudioBook - Human Analysis, Psychology, Body Language

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1:50:01

1200 Most Useful English Sentences - 1200 Useful Phrases in English - 1200 Common English Phrases ✔

English tivi is a free Channel for English learners.
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23:51

Alternative Business Funding Discussion with Frank Mullen

Are you a small business owner seeking funding for your business? Perhaps you can't get a ...

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Gizmodo reported on Wednesday that a former Google engineer is suing the company for discrimination, harassment, retaliation, and wrongful termination ...Chevalier's posts had been quoting in Damore's lawsuit against Google, who is also suing the company for alleged discrimination against conservative white men ... “Firing the employee who pushed back against the bullies was exactly the wrong step to take.” ... But the effect is the same....

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The woman tasked with caring for accused Florida shooter Nikolas Cruz and his brother have moved quickly to file court papers seeking control of their inheritance the day after the massacre at Majory Stoneman Douglas High School, Newsweek reported. When the mother of Nikolas and Zachary Cruz died from flu-related pneumonia last November, their lives were entrusted to Roxanne Deschamps, the report said....

Special CounselRobert Mueller's probe is prepared to accept a guilty plea from the London-based son-in-law of a Russian businessman after he made false statements during the investigation into alleged Russian interference in the 2016 U.S. presidential election, according to the Washington Post... Tymoshenko was later imprisoned by former president Viktor Yanukovych after signing a controversial deal with Russia for natural gas ... U.S ... U.S....

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“The maintenance projects BNSF has planned for this year will help ensure the safe and reliable movement of freight in Oklahoma and our entire rail network.” ... $500 million towards expansion and efficiency projects, $100 million for continued implementation of Positive Train Control and $300 million for freight cars and other equipment acquisitions....

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The president of Tennessee Tech University has disavowed a study used to help justify the repeal of tighter federal emissions standards for a type of freight trucks, saying that experts now question “the methodology and accuracy” of the industry-funded test. FitzgeraldGlider Kits — which makes new truck bodies, called gliders, that house refurbished engines — had []. Related.. Leaked U.N ... So two scientists left ... ....

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